#130 US-Latin American Relations: Shifts in Economic Power and Implications for the Future
By Sergio Bitar
Abstract
The purpose of this paper is to analyze the evolution of economic relations between Latin America and the United States in the 1970s and to suggest the implications of this evolution. The central proposition is that a shift in relative strength took place during this period, which created the potential for achieving a new balance of economic power. Such a shift also created tension with the old pattern of inter-American security links. The process of transforming potential power into real power had relevant implications for economic, political, and security interests. However, Latin America has not been able to effectively utilize its potential leverage. Future inter-American relations will depend on Latin America's ability to achieve a redistribution of power with the United States.
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