McGrath, Marcos G.
October 1973
Foreign Affairs;Oct73, Vol. 52 Issue 1, p75
This article deals with the economic injustice in Latin America and characterizes U.S.-Latin America relations. While both the U.S. and Latin America are offshoots of Europe, they have grown off separate branches, in different manners, and with very little contact between one another until this century. But the Industrial Revolution between 1820 and 1910, aided by 28 million immigrants, a ready-made work force, lifted the economic standards in the U.S. Soon the U.S. per capita income was twice that of Latin America. By 1970 it would be 18 times greater, with the gap growing wider. While dialogue and liberation ferment in the Catholic Church, most of the Latin American governments have come under authoritarian military control. Whether these tend to the left or to the right, they exercise strong control over the press and society. The consequences in economic-political power are obvious, especially when U.S.-based multinationals claim both benefits: national rights where they operate, and U.S. political support when they are threatened there. Panama, with other member-nations of the Security Council, presented resolutions urging the solution of differences on the Canal issue. Of the 15 member-nations, 13 supported the resolutions, one abstained. The U.S. exercised its veto.


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