Latin America: Kicking the Gringo

We will not encourage United States private investment where it is not wanted, or where local political conditions face it with unwarranted risks. —Richard Nixon

Five months after the President enunciated his Latin American policy, U.S. business feels less wanted and more endangered than ever in several countries to the south. A new wave of nationalism, fed by currents of envy and insecurity, is breaking across South America. The mood finds its main outlet in anti-U.S. economic moves. Last year total U.S. investment in the continent hardly increased at all from the $9...

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