The following article by Carlos Martinez was commissioned by the Taihe Institute for the January 2022 edition of its monthly magazine, TI Observer. Carlos gives an overview of the history of European and North American subjugation of Latin America, and explores the ways in which the expanding relationship between China and the region is helping to break the cycle of underdevelopment and poverty.
There is an audio version of this article available on the TI Observer podcast.
The last few months have seen a significant expansion of the Belt and Road Initiative in Latin America and the Caribbean. Although this region of the world is not the most obvious fit for an undertaking that was originally modelled on the Silk Road – a network of trade routes linking East Asia with the Middle East, Africa and Europe – the reality is that the countries of South America, Central America and the Caribbean share many of the same needs as their counterparts in Central Asia, Southeast Asia, the Middle East and Africa.
Most Latin American countries won their formal independence from Spanish and Portuguese colonialism in the 19th century, but they found themselves in the shadow of an incipient North American imperialism. The Monroe Doctrine, first articulated by President James Monroe in 1823, denounced European colonialism and interference in the Western Hemisphere, not on the basis of anti-colonial principle but with a view to buttressing US hegemonic designs. Since that time, the US has tended to consider Latin America as its ‘backyard’ – a collection of countries subjected to the control (direct or indirect) of Washington.1
Eduardo Galeano wrote that the transition from colonialism to neocolonialism made little difference to Latin America’s position within the global capitalist economy. “Everything from the discovery until our times has always been transmuted into European – or later, United States – capital, and as such has accumulated on distant centres of power. Everything: the soil, its fruits and its mineral-rich depths, the people and their capacity to work and to consume, natural resources and human resources.”2
Continue reading Along the Belt and Road: Breaking the cycle of underdevelopment in Latin America
