The significance of Barack Obama’s victory for Latin America

 

The victory of Democrat Barack Obama for the presidency of the US has given indications of a change in America’s foreign policies in relation to Latin America. During the eight years of George W. Bush’s administration, and especially after 9/11, the US focus has been on the fight against terrorism in Afghanistan and Iraq. Due to this, Latin America was largely sidelined.

 

A change is expected with Obama, as historically Democrats view Latin America with more “care” than Republicans. However, the interventionist character of the Democratic government creates obstacles for free trade deals with the region.

 

According to the president-elect, a new chapter will be written on the relationship with the southern hemisphere. In interviews given throughout his campaign, Obama’s assistants spoke of working together across the continent.

 

If on one hand he shows signs of possible dialogue with his Latin American counterparts, on the other, his protectionist character is still apparent. For the Democrats, it is necessary to maintain the market open and dynamic, as long as it does not benefit only the rich and large companies.

 

The differences are clear in relation to George W. Bush. There may be gains in the region in terms of dialogue. However, Obama may give in to the agenda of American trade unions, which are against free trade agreements.

 

Besides the damaging of partnerships with strategic allies (Colombia and Mexico, for example), Latin Americans will have a harder time entering the American market due to the “more restricted” character of the economy, as expected to be conducted by the Democrats.

 

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