In the wake of Obama’s recent tour of Latin America, media reports and commentators claimed that China has been economically outmuscling the United States in the region. The reality, however, is that Beijing’s economic presence has not come at the expense of the United States. Although Washington still maintains an overwhelming edge, its influence is decreasing. This decline will be exacerbated by Obama’s focus on boosting U.S. exports to the region rather than importing more of Latin America’s manufactured goods.
Chinese Take-Over of South America?
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