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China Rise, Economic Growth, Growing GDP
Demands primary commodities from Latin America
(Primary sector - Agriculture (Minerals, gold / silver, oil)
Secondary - Manufacturing
Tertiary - Services)
In Latin America, there are at least two competing economic models
Neoliberal Economic Model - Late 1980s, Early 1990s. (Washington Concensus).
Designed by Washington Troika - Has conditionality, puts conditions on loans
&
Neostructural Economic Model
Designed by Institution of United Nations in Santiago, Chile
Economic Commission of Latin America - Works very hard to develop economic ideas
Only gives technical advice
in 1492, the Iberian countires (Spain / Portugal) conquered Latin America
Proposed Integrations into the world economy
Demanding primary commodities such as bananas, coffee, minerals, corn
in the 1930s, US entered in depression and could not obtain primary commodities for Latin America
3 Basic Elements of US Policy:
1) US government feels entitled to hegomonic control and dominance of the North American continent & Western Hemisphere
2) Protection of US national security
3) Dichotomy of good and evil
Changes in International System:
1) 1814 - Napolean Defeated
2) 1945 - US defeated Germany, Italy, Japan (WWII)
3) 1991 to approximately 2001 - Unipolar moment of the international system
Before '91, dominant powers were US and SU; following this, US became unipolar dominant force
BOOM in 2000s for US
Latin America took over, provided primary commodities for China (Opportunity, not a great one)
US Treasury Department
International Monetary Fund (Europe)
World Bank (US)
US Foreign Policy
Constrains International System
Securatization - US having concern for only its security is a mistake
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