<P> There are two broad schools of thought on Latin America--United States relations: </P> <Ul> <Li> The "establishment" school which sees US policy towards Latin America as an attempt to exclude extraterritorial rivals from the hemisphere as a way to defend the United States . This grouping of scholars generally sees the US presence in Latin America as beneficial for the region, as it has made warfare rare, led to the creation of multilateral institutions in the region and promoted democracy . </Li> <Li> The "revisionist synthesis" school of scholarship that emerged during the 1980s and 1990s and saw US policy towards Latin America as imperial . This grouping of scholars emphasizes the role of US business and government elites in shaping a foreign policy to economically dominate Latin America . </Li> </Ul> <Li> The "establishment" school which sees US policy towards Latin America as an attempt to exclude extraterritorial rivals from the hemisphere as a way to defend the United States . This grouping of scholars generally sees the US presence in Latin America as beneficial for the region, as it has made warfare rare, led to the creation of multilateral institutions in the region and promoted democracy . </Li> <Li> The "revisionist synthesis" school of scholarship that emerged during the 1980s and 1990s and saw US policy towards Latin America as imperial . This grouping of scholars emphasizes the role of US business and government elites in shaping a foreign policy to economically dominate Latin America . </Li>

This is an agreement between the united states and latin america