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U.S. Bilateral Aid to Latin America

U.S. BILATERAL AID TO LATIN AMERICA

The United Statesprimary focus is development in innumerable regions of the world,even though it is not economically viable to be involved in everydevelopment project in the world. Involvement of the United States inLatin America has currently been challenged by several nations suchas China and Japan, who are seeking access to the numerous emergingmarkets. Even as other countries are developing relations with LatinAmerica to counter U.S., it is important to note that a strongcultural, historical and economic relation between the United Statesand Latin America is of great importance. In the article, “Whatwill Argentina be like with two US military bases?” thereporter explores the impact of mutual association between the UnitedStates and Argentina. The U.S. planned to develop a military base inthe region of Misiones which is situated at a triple border unitingBrazil, Paraguay, and Argentina. According to the article, the aim ofdeveloping a military base is to combat drug trafficking andinternational terrorism. As the United States’ major, most proximalgeographic neighbor, the stability of Latin America is of greatimportance for many reasons.

The U.S has been theprimary donor of foreign assistance to nations in Latin America sincethe 1950s. Assistance to the nations spiked in the late 1950sfollowing the initialization of President Kennedy’s Alliance forProgress. Specifically, this period saw a decline in bilateral aid inLatin America until the 1970s (Adams, 2015). During 1979, bilateralaid to Latin America increased following the Sandinistas control overNicaragua. The early 1980s saw a high amount of bilateral aid used tosupport the Contras, which were envisioned to overthrow theestablished Sandinista government. Besides, foreign aid was alsooffered to insurgencies in other Central American states. During theearly 1990s, there was a decline in the flow of bilateral aid markingthe end of the Central American conflicts as electoral democracyspread throughout Latin America. Although foreign assistance declinedin the early 1990s, the late 1990s saw an increase in flows offoreign aids which increased through the decade due to humanitarianspending and development of projects throughout Latin America.

Wide humanitarianassistance to several nations in Latin America was due to the impactof Hurricane Mitch in 1998 and the development of addition foreignassistance framework in 2003 that availed new source of UnitedState’s bilateral aid to Central America. Extensive bilateral aidwas also supplied to Haiti in 2010 after the massive earthquake inJanuary. The increment of mutual assistance to the regions in CentralAmerica has been a result of presidential doings sought to preventdrug trafficking and armed division while sustaining developments.The focus of United State’s bilateral assistance program onhumanitarian relief started in 2000, although most of the foreign aidthrough 2010 emphasized on counternarcotics and other securityapproaches.

Safeguarding thestability in Latin America profits not only the region but the U.S.as well. Central America avails a platform for economic pursuits forthe United States. Most markets have been formed in Latin America asproducts flow into and out of regions. The United States benefitsfrom several minerals, oils and other resources that increase thesignificance of Latin America. The capability to import resourcesfrom Latin America decreases the import expenses by lessening theamount of allocation time for each resource being imported, alsoreducing the cost of resource products for U.S. consumers, and makingthe Latin American market perfect for the U.S. consumer base.

References

Adams, F. (2015).Bilateral aid to Latin America. Amherst:Cambria Press.

Aznárez, C. (June 26, 2016). What will Argentina be like with two USmilitary bases? The Dawn News. Retrieved fromhttp://www.thedawn-news.org/2016/06/30/what-will-argentina-be-like-with-two-us-military-bases/

Guess, G. M. (2011). The politics of United States foreign aid.New York: RoutledgePublishing.

Petras, J. (2011). Latin America: Growth, Stability, andInequalities: Lessons for the US and EU.Global Research Articles:Center for Research on Globalization.