It is bas on a division of labor specializ in the production of export raw materials with low degrees of processing and the import of products with much higher add value. The deterioration of the terms of trade, according to the expression of Raúl Prebisch, is at the base of our stagnation. Therefore, the region does not get out of the middle income trap”. In recent years, the commodity boomseem to contradict that thesis. Between and , Latin America experienc a golden decade, sustain by the high price of export raw materials. It was this that allow the region to successfully weather the global recession of.
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However, a change of sign in the international situation and a slight decline in China’s growth rate were enough to reverse this boom. It was in this context (the lost half decade” of – , with an Timor-Leste B2B List annual growth rate of less than %), in which the region receiv the blow of the covid- pandemic. Now, the international environment, dominat by the Unit States and China, aims to further restrict the region’s options, particularly given Washington’s demand that Latin America break its ties with China and align itself with the Unit States. Resurrecting the Monroe Doctrine In February.
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On the eve of his first trip to Latin America, the then Secretary of State Rex Tillerson, during a speech at the University of Texas at Austin, announc that the Monroe Doctrine remain Aero Leads in force, thus contradicting his precessor, John Kerry, who in had claim otherwise. This doctrine, by which the Unit States assumes the right to exclude non-American countries from having a presence in the Western Hemisphere, was consider a nineteenth-century anachronism. Since then, the Trump administration has appli this doctrine sine die . The visits by his Secretaries of State-Rex.
