Latin America – and its core countries, namely Brazil, Argentina and Mexico – has become a region of high global strategic value due to its vast territory, abundant resources, great economic development, unique geographical position and active role in global and regional governance.
Factors such as history, geography and reality, combined with the complexity of the region’s internal political logics, have once again made Latin America a place where major powers pay attention to and play key games.
Latin America’s cooperation with ‘external’ powers has become ever closer, leading to unfounded suspicions and malicious provocations among the countries of the region concerned.
What bothers ‘democrats’ and ‘liberals’ is the presence in the area of countries without a colonialist and exploitative past.
Historically, Latin America and the Caribbean were the coveted location of various Western forces. Since the Latin American countries’ independence – and even today – large countries inside and outside the region have competed in this area.
The complexity and uncertainty of the current global political and economic situation in Latin America lie behind the competition between the major powers in geopolitics and international relations.
Latin America’s vast lands and resources are linked to global food security, the supply of agricultural and livestock products, and energy security. It is an important ‘product supplier’ that cannot be neglected.
Latin America has a huge surface of over 20 million square kilometres, covering four sub-regions of North America (Mexico), the Caribbean, Central America and South America, with 33 independent countries and some regions that are not yet independent, as they are tied to the burden of the old liberal-colonialist world.
Latin America is blessed with favourable natural conditions. For example, it has become a well-known ‘granary’ and ‘meat provider’ because of its fertile arable land and abundant pastures. It is an important area for the production of further agricultural and livestock products. At the same time, other countries in the region have huge reserves of natural resources such as oil and gas, iron ore, copper and forests, and have become important global suppliers of strategic materials.
Secondly, the Latin American region has a relatively high level of economic development and has brought together a number of important emerging economies – a significant global market that cannot be ignored.
The Latin American region plays an important role in global economy. Brazil and Mexico are not only the two largest economies in Latin America, but also the top 15 in global economy.
At the same time, recent calculations on 183 countries (regions) with complete data from the World Bank and related studies show that the group consisting of Brazil, Mexico, Argentina, Chile, Peru, Colombia, etc., has entered the ranking of the “30 emerging markets” (E30) worldwide. According to World Bank statistics, Latin America’s gross domestic product (GDP) in 2018 was about 5.78 trillion dollars and the per capita GDP exceeded 9,000 dollars. With the exception of a few, most countries in Latin America are middle-income and some have entered the high-income ranking.
Therefore, Latin America has become a large consumer market that cannot be ignored due to its relatively high level of economic development, high per capita income and a population of over 640 million people.
Indeed, as Latin American region with a high degree of economic freedom and trade openness, it has been closely connected with the economies of other regions in the world through various bilateral and multilateral agreements, initiatives and free trade mechanisms.
Thirdly, Latin America’s unique geographical position has a significant impact on global trade, shipping and climate change.
Latin America is situated between two oceans. Some countries border on the Pacific, or the Atlantic, or are even bathed by both oceans. This special position gives the Latin American region the geographical advantage of achieving ‘transpacific cooperation’ with the Asian region or building a link of ‘transatlantic cooperation’ with the European region. Thanks to the Panama Canal, it is the fundamental hub for global trade.
Besides its strategic relevance for food security and clean energy production, the Amazon rainforest, known as the ‘lungs of the earth’, has a surface of over six million square kilometres, accounting for about 50% of the global rainforest. 20% of the global forest area and the vast resources covering 9 countries in Latin America have become one of the most important factors influencing global climate change.
Finally, as an active player in the international and regional political and economic arena, Latin America is a new decisive force that cannot be neglected in the field of global and regional governance.
Firstly, as members of organisations such as the United Nations, the World Trade Organisation, the International Monetary Fund and the World Bank, the major Latin American countries are both participants in and creators of international rules.
Moreover, these countries should be considered from further aspects and viewpoints of multilateralism.
The major Latin American countries, particularly regional powers, such as Brazil, Mexico and Argentina, are members of the G20. Brazil belongs to both BRICS and BASIC.Mexico, Chile and Peru are within the Asia-Pacific Economic Cooperation. Mexico, Peru and Chile are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), while Mexico and Chile are members of the Organisation for Economic Cooperation and Development (OECD).
They are playing an irreplaceable role in responding to the economic crisis and promoting the reform of global governance mechanisms; in promoting the conclusion of important agreements on global climate change; in advancing economic cooperation between the various regions; in leading ‘South-South cooperation’ between developing countries and in holding a dialogue on the main current issues (opposition to unilateralism, protectionism, protection of multilateralism, etc.).
It must also be said that Latin American countries are naturally also active in regional organisations and institutions – such as the Organisation of American States, the Inter-American Development Bank, etc. – so that they can participate directly and try to oppose U.S. hegemonism.
Within the Latin American region, these countries first initiated a process of cooperation and integration and later established various sub-regional organisations -such as Mercosur (Mercado Común del Sur-Mercado Comum do Sul) and Alianza del Pacífico (Mexico, Colombia, Chile and Peru) – to cooperate with other regions of the world and shake off the unfortunate definition of “America’s backyard”.
Located in the Western Hemisphere, where the well-known superpower is present, Latin American countries have long been deeply influenced by the United States in politics, economics, society and culture.
In 1823, the United States supported the Monroe Doctrine and drove the European countries out of Latin America with the slogan ‘America for the Americans’, thus becoming the masters of the Western Hemisphere.
The Monroe Doctrine also became a pretext for the United States to interfere in the internal affairs and diplomacy of Latin American countries.
In 2013, 190 years after the aforementioned declaration, the United States publicly declared that the Monroe Doctrine era was over and emphasised the relationship on an equal footing and the shared responsibility between the United States and Latin America.
Nevertheless, the current Latin American politics shows once again that the end of the so-called ‘Monroe Doctrine’ era is nothing more than a common myth.