China has been investing in Latin America’s energy sector because they have been trying to diversify their imports away from the Middle East. China gains Raw materials, new markets to produce and sell low-end goods and Latin America gets to receive investments that allow for the building of critical infrastructure, their natural resource export value increases and it also takes a jab and challenges America’s Economic dominance in the region. Russia has made agreements with Latin America to build a nuclear reactor in Argentina, and they have also made energy deals with Venezuela and Cuba. This increase in BRICS influence over Latin America should concern the US, since Latin American countries are our neighbors and they are so close to us we can’t afford to have bad or weak relations, and we definitely can’t afford to have other countries who we are not really compatible with gain strong influence in countries so close to home— it is dangerous and it weakens our position; for example, in 2000 the US was responsible for 43 percent of foreign direct investment in Latin America, but by 2010 that share dropped to 17
China has been investing in Latin America’s energy sector because they have been trying to diversify their imports away from the Middle East. China gains Raw materials, new markets to produce and sell low-end goods and Latin America gets to receive investments that allow for the building of critical infrastructure, their natural resource export value increases and it also takes a jab and challenges America’s Economic dominance in the region. Russia has made agreements with Latin America to build a nuclear reactor in Argentina, and they have also made energy deals with Venezuela and Cuba. This increase in BRICS influence over Latin America should concern the US, since Latin American countries are our neighbors and they are so close to us we can’t afford to have bad or weak relations, and we definitely can’t afford to have other countries who we are not really compatible with gain strong influence in countries so close to home— it is dangerous and it weakens our position; for example, in 2000 the US was responsible for 43 percent of foreign direct investment in Latin America, but by 2010 that share dropped to 17