The Economic Approach of the Major Powers in Latin America and the Caribbean

Document Type : Research

Authors

1 Ministry of Foreign Affairs

2 Associate Professor, Department of Political Science and International Relations, Faculty of Law, Theology and Political Science, Science and Research Branch, Islamic Azad University

3 Professor, Department of Political Science and International Relations, Faculty of Law, Theology and Political Science, Science and Research Branch, Islamic Azad University

Abstract

Latin America and the Caribbean, due to its natural resources, cultural diversity, geographic location, and human factors, have always been the focus of colonial and global powers such as Spain, Portugal, the United States of America, and the Soviet Union (then Russia) in the last few centuries. This approach to the Latin American and Caribbean region has been repeated in the 21st century, and the four powers of the United States of America, China, Russia, and the European Union have tried to strengthen their influence in this region in different areas. According to the importance of the approach of these four actors, the current research raises the question that the economic relations of the United States of America, China, Russia, and the European Union with Latin America and the Caribbean can be analyzed in the framework of which economic approach? The findings of the research show that all these actors, based on the approach of economic interdependence, are trying to influence in the economy of this region and make trade balance in their favor. Among these powers, Russia has the lowest trade balance with Latin American and Caribbean countries; The United States is still the region's top trading partner, followed by China and the European Union. However, in recent years, the amount of US trade with countries in the region has decreased, and instead, China has been able to strengthen its trade partnerships with Latin America and the Caribbean. Although China has a long way to reach the trade balance of the United States with this region.

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Main Subjects

References

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International Political Economy Studies
Volume 7, Issue 2
December 2025
Pages 49-72

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History

  • Receive Date: 19 July 2024
  • Revise Date: 30 October 2024
  • Accept Date: 30 December 2024

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