Latin American Countries in the System Of Foreign Economic Relations of the Modern World Economy

Abstract

The problems of development and formation of the spatial structure of foreign economic relations in Latin America and the Caribbean at the present stage of economic globalization are studied. The region is a relatively new promising area for Russia to establish mutually beneficial trade and economic relations. The article examines the features of the modern structure of foreign economic relations of Latin America, formed in the conditions of economic globalization of the late XX–first decades of the XXI centuries. Based on the research of modern statistical material, the author’s estimates of the direction and intensity of changes occurring in the foreign economic sphere of Latin America are given. Both territorial and sectoral structures of foreign trade relations are studied. The changing balance of power of the countries – the leading trading partners of Latin American states is estimated. It is concluded that the developed capitalist countries are gradually weakening their positions in the sphere of foreign trade in Latin America. However, this region, due to a number of historical, economic and geographical features, is very complicated for the development of foreign economic relations with Russia.