The End of the Monroe Doctrine
The Monroe Doctrine – which in 1823 proclaimed all of Latin America to be a zone of exclusive US interest – is withering away. With hostility to US leadership and interests rife in the region, the best thing Barack Obama's incoming administration can do to improve relations is to declare the doctrine dead once and for all.
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The Monroe Doctrine – which in 1823 proclaimed all of Latin America to be a zone of exclusive American interest – is withering away. Globalization and dynamic changes in the economies and politics of its myriad countries is providing Latin America with an opportunity to decrease the scope of its dependency on the United States, and thus to renegotiate, on better terms, its hitherto asymmetric relations with its giant northern neighbor.