Friday, October 4, 2019
Modern Latin America Assignment Example | Topics and Well Written Essays - 250 words
Modern Latin America - Assignment Example Poor performance of economic growth and the stagnant status of economy have forced many Latin American nations to refuse Free Trade Agreement of America even at the verge of losing some of the foreign ââ¬âtrade benefits from the United States. Research experts have documented the elements of colonial legacy in the history of Latin American nations. Latin American nations have shown their willingness to share a common past of colonialism, freedom struggle, racial discrimination, poverty, political instability and foreign interferences. Analysing the economic growth of Central American nations like Costa Rica one can comprehend that the implementation of Free Trade Agreement failed to enrich Costa Ricaââ¬â¢s economic growth. Colonial legacies in Latin American nations tried to learn the negative side of Free Trade Agreement because America considers the FTA as a political instrument than economic affair. As Eduardo Dimas points out, ââ¬Å"the more FTAs are signed and approved, the more difficult the economic unity of Latin America will be, and the greater will be the ability of the U.S. government to torpedo that unityâ⬠(Dimas). It is therefore significant that Latin American nations learn more about the Free Trade Agreement (FTA) of America because its refusal creates serious problems for the nationââ¬â¢s growth.
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