Washington’s New Economic Strategy in Latin America

Nearshoring is as much a geopolitical issue as an economic one.

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A few weeks ago, the head of the U.S. National Security Council – not a State Department official, as would normally be the protocol – introduced the Western Hemisphere Strategic Framework, Washington’s new economic strategy for its half of the world, while in Miami. Then, for the first time ever, Washington successfully lobbied the Inter-American Development Bank to take on a U.S. official as its head – a position typically reserved for non-U.S. and non-Brazilian members who have less voting power in the bank. Later still, Secretary of State Mike Pompeo made history as the first secretary to visit Suriname and Guyana. Developments such as these belie the ordinarily passive approach the U.S. takes to managing relations with its southern neighbors. Washington has long held the upper hand and so has rarely needed to tinker with a system that works in its favor. But as it debuts its new economic strategy for the region, it will resurrect memories for countries that have been hurt by these kinds of initiatives in the past. The U.S. may see new-found potential in its relationship with Latin America, but the same cannot necessarily be said for Latin America. A National Security Issue The increase […]

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Allison Fedirka
Allison Fedirka is the director of analysis for Geopolitical Futures. In addition to writing analyses, she helps train new analysts, oversees the intellectual quality of analyst work and helps guide the forecasting process. Prior to joining Geopolitical Futures, Ms. Fedirka worked for Stratfor as a Latin America specialist and subsequently as the Latin America regional director. She lived in South America – primarily Argentina and Brazil – for more than seven years and, in addition to English, fluently speaks Spanish and Portuguese. Ms. Fedirka has a bachelor’s degree in Spanish and international studies from Washington University in St. Louis and a master’s degree in international relations and affairs from the University of Belgrano, Argentina. Her thesis was on Brazil and Angola and south-south cooperation.