Obviously, foreign investment is necessary for the future of developing other nations as well as our own. There must be an emphasis on foreign investment and trade, otherwise the third world nations will continue to fall behind economically, technologically, and domestically, which could lead to an economic downfall for the U.S. as well. The question then arises as to what the United States must do in order to have large trade agreements with other countries other than Japan and Mexico. In order for the U.S. to play a more active role in the economic and political development of many of these developing nations, it must first accept a different philosophy than its current one. First, it is imperative for the United States to play a similar role in Latin America to the one Japan has played with many of the developing nations in East Asia. The U.S. neighbors Latin America, and if it wants to play the role of big brother, it must accept the responsibility. Japan has invested, traded, and has been a guide for many of its neighboring countries in East Asia, making them grow politically and economically, while profiting itself. The U.S. must realize that the economies of Latin American Nations will play an important part in the future of our own economy, and that it must begin to lead, invest, and aid not just Mexico, but countries such as Peru, Argentina, Bolivia, and Columbia into the twenty first century. The mainstay in American foreign policy has always been to promote and instill democracy. However, in order to do this in a foreign nation, the U.S. must be able to first establish a viable economic relationship and system within the desired nations. We should not expect or want a nation to switch from a total authoritarian government to a market economy; doing so would be a disaster. The former Soviet Union is a notable example of this philosophy. Instead, the U.S. has to be willing to allow developing nations to invest in U.S. markets before we invest in theirs. In return, a viable export / import system will be established. But it is essential that the economy of the developing nation be monitored and run by its own government, and the United States should only be there for advising purposes. When a reasonable system has finally been achieved, then--a more American, laissez - faire type of economic network will be allowed to grow. The greatest challenge the United States faces is implementing a foreign policy that is consistent throughout the Middle East. Islamic nations aren't likely to be responsive to ideas such as human rights, and democracy. These nations will never be responsive to western ideas when the United States continues to levy sanctions against them. The U.S. is lucky that it has an ally in Saudi Arabia and Israel, allowing them to implement many of these foreign policy agendas against the other Middle Eastern countries, without having to face serious economic consequences in the oil and gas industry.

The new strategy for America's role as a Superpower in the post-Cold War world must focus rigorously not on wishful thinking or fanciful ideologies but rather on the

Some common words found in the essay are:
Soviet Union, North Korea, Trade Center, World Community, Third World, Christianity Islam, Monetary Fund, Syria Iran, Europe Western, Bolivia Columbia, foreign policy, developing nations, schwartz 1996, middle east, post-cold war, third world, saudi arabia, american foreign policy, human rights, soviet union, economic political, international monetary fund, post-cold war era, post-cold war world, superpower post-cold war,
Approximate Word count = 2106
Approximate Pages = 8 (250 words per page double spaced)