The present-day world attitude towards Latin America is that the region is “menial” and “in service of others’ needs” (18), namely US and European ventures.
This “endless chain of dependency” (19) has a deep origin that begins with colonialism and extends into the present as a more complicated series of inequities. Furthermore, economic dependency not only exists between the US, Europe, and Latin America, but also within Latin America, where larger countries wield control of smaller ones. In reality, a history of colonialism had set a precedent for the economic exploitation of Latin America. Open Veins of Latin America Five Centuries of the Pillage of a Continent By: Eduardo Galeano, Isabel Allende - Foreward Narrated by: Jonathan Davis Length: 14 hrs and 30 mins 4.4 (1,210 ratings) Try for 0.00 Pick 1 title (2 titles for Prime members) from our collection of bestsellers and new releases.
While aid generally has positive connotations, the loan programs ultimately create a system of dependency between Latin America and the US and Europe. This relationship was based on the US administering economic aid through the establishment of loan programs.
Kennedy established the Alliance for Progress to facilitate peaceful economic relations between the US and Latin America.
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