A General Review of the Situation in Latin America and the Caribbean in 2008

In 2008, Latin America and the Caribbean area maintained the momentum of economic growth. However, the pace of growth slowed down due to various factors. The stagnant impact of global financial crisis lashed on its economy was beginning to show its effect. The overall political situation in Latin America remained stable. But some countries experienced political turmoil, which had some impact on their political landscape countries, the ruling parties faced . In some with new challenges. In foreign relations, pragmatism and pluralism continued to be the main features. The role of regional diplomacy in promoting regional stability was conspicuous. Latin American countries have demonstrated strong will for regional integration. The relations between Latin America and other major regions in the world were enhanced at different levels. China-Latin America relations of partnership also witnessed further boost in various fields.

A General Review of the Situation in Latin America and the Caribbean in 2008