05/02/2013 08:07 am ET

Latin America: Is U.S. Influence Waning?

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Is U.S. influence in Latin America on the wane? It depends how you look at it.

As President Obama travels to Mexico and Costa Rica, it’s likely the pundits will once again underscore what some perceive to be the eroding influence of the United States in the Western Hemisphere. Some will point to the decline in foreign aid or the absence of an overarching policy with an inspiring moniker like “Alliance for Progress” or “Enterprise Area of the Americas” as evidence that the United States is failing to embrace the opportunities of a region that is more important to this country than ever.

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