Global Power Barometer’s prognosis for Latin America in the next 3 to 36 months:

Latin America and the Rise of the Anti-American Left

In 1823, US President James Monroe issued the Monroe Doctrine, naming all of the Western Hemisphere, and particularly Latin America under the United States’ sphere of influence. Nearly 200 years later, the Monroe Doctrine looks like it could crumble

In 2005-2006, Latin American politics have been veering to the left with the electoral victories of Evo Morales in Bolivia, Daniel Ortega in Nicaragua, and Rafael Correa in Ecuador (and a near victory by Andres Manuel Lopez Obrador in Mexico). These new leftist leaders add to current leftist regimes in Argentina, Brazil and Cuba. Perhaps the most outspoken of the leftist leaders is US opponent Hugo Chavez in Venezuela, who was just reelected by a 23% margin. These nations will pose a growing challenge to US interests in Latin America, as they seek to align themselves elsewhere. Already, Chavez has been making loud and brash statements on the world stage, pledging allegiance to Iran, denouncing President Bush and the United States at the United Nations, and signing trade pacts with China. Mercosur, the regional trade agreement instituted to promote free trade throughout South America (similar to NAFTA), is gaining supporters and seeks to give Latin America the same economic clout that the US and EU have. Furthermore, many Latin American nations are members of the Non-Aligned Movement (NAM), which seeks to provide viable alternatives to American and European hegemony. As Chinese investments in Venezuelan oil, in the reconstruction of the Panama Canal, and in mines grows in the region, watch for more independent action and less concord with the United States.

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According to AP via International Herald Tribune, trade between Cuba and China grew by 23 percent to more than US$2 billion (€1.4 billion) in 2007, solidifying China’s place as the communist-run island’s second-largest economic benefactor behind oil-rich Venezuela.  China is Cuba’s second-largest trading partner and the top importer of Cuban products, especially nickel and sugar.

China’s influence throughout Latin America is prevelant, and its strategic relationship (economic & military) with Cuba is evident. 

Read the prospect of China’s rise to superpower status for 2008.

Excerpt of article:

Here comes the world’s newest superpower. The rest of the world is gloomily contemplating economic slowdown and even recession. Not in Beijing. China is set to make 2008 the year it asserts its status as a global colossus by flexing frightening economic muscle on international markets, enjoying unprecedented levels of domestic consumption and showcasing itself to a watching world with a glittering £20bn Olympic Games.

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