american continued interest in latin america came from an earlier policy known as good neighbor policy.
american continued interest in latin america came from an earlier policy known as?
good neighbor policy
the great depression made overseas military expeditions too costly for the u.s. in january 1931, henry stimson, then secretary of state, announced that all u.s. soldiers in nicaragua would be withdrawn following the 1932 election in the country. the good neighbor policy was the foreign policy of newly elected american president franklin roosevelt toward the countries of latin america. the united states wished to improve relations with its latin american neighbors in a time of increasing international conflict. giving up unpopular military intervention, the united states implemented its policy of pan-americanism to maintain its influence. this policy supported strong domestic leaders, the training of national guards, economic and cultural penetration, export-import bank loans, financial supervision, and political subversion. the good neighbor policy meant that the united states would keep its eye on latin america in a more peaceful manner. on march 4, 1933, roosevelt stated during his inaugural address that: "in the field of world policy i would dedicate this nation to the policy of the good neighbor—the neighbor who resolutely respects himself and, because he does so, respects the rights of others." this position was affirmed by cordell hull, roosevelt's secretary of state, at a conference of american states in montevideo in december 1933. hull endorsed the resolution, "no country has the right to intervene in the internal or external affairs of another." in december 1933 roosevelt stated, "the definite policy of the united states from now on is one opposed to armed intervention."
latin america–united states relations
dependency theory originates with two papers published in 1949 – one by hans singer, one by raúl prebisch – in which the authors observe that the terms of trade for underdeveloped countries relative to the developed countries had deteriorated over time: the underdeveloped countries were able to purchase fewer and fewer manufactured goods from the developed countries in exchange for a given quantity of their raw materials exports. this idea is known as the prebisch–singer thesis. prebisch, an argentine economist at the united nations commission for latin america (uncla), went on to conclude that the underdeveloped nations must employ some degree of protectionism in trade if they were to enter a self-sustaining development path. he argued that import-substitution industrialisation (isi), not a trade-and-export orientation, was the best strategy for underdeveloped countries. the theory was developed from a marxian perspective by paul a. baran in 1957 with the publication of his "the political economy of growth". dependency theory shares many points with earlier, marxist, theories of imperialism by rosa luxemburg and vladimir lenin, and has attracted continued interest from marxists. some authors identify two main streams in dependency theory: the latin american structuralist, typified by the work of prebisch, celso furtado, and aníbal pinto at the united nations economic commission for latin america (eclac, or, in spanish, cepal); and the american marxist, developed by paul a. baran, paul sweezy, and andre gunder frank.
dependency theory