THE RISE OF SOUTH AMERICA: WAS IT ACCEPTANCE OR REJECTION OF AMERICAN NEOLIBERALISM?
America’s ‘back yard’
The United States the great regional power, is no longer the dominant influence in South America. The countries of South America have grown economically stronger in recent years, democracy has spread and their economies have opened up. They have also strengthened their relations with each other and with other countries such as China and India. At the same time, the U.S. economy has become relatively weaker and its attention has been focused elsewhere – on Afghanistan and the Middle East, and on fighting ’the war against terror’. The USA has regarded South America as being in its ‘own back yard’ and within its sphere of influence since the Monroe Doctrine of 1853. Although the doctrine was designed to protect the newly independent countries of South America from intervention by the European colonial powers, its practical effect was to subject them to the control and influence of the USA.
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