ABSTRACT
At the time Latin America Agribusiness Corporation was created, the world was caught in the middle of the Cold War. The United States was fighting in Vietnam, the Prague Spring had polarized the two superpowers, and the East-West conflict over the loyalties of the Third World was in full swing. The United States government was supporting reformist movements under the aegis of the Alliance for Progress. This policy initiative designed to help friendly Latin American countries introduce social reforms was intended to address such perceived problems as unfair land ownership, tax structures, and basic human needs. Many policymakers in the United States attributed the social unrest in Latin America to the wide gap in income and wealth between the rich and poor. The vast bulk of this financial assistance was channeled to the public sector. American corporations active in Latin America generally supported the aid efforts at the time.
