The war between Britain and Argentina over the Falkland Islands, while triggering a shock wave that reached into the far comers of the international business community, will do much to deepen the rift in Latin America's friendship with Argentina, a country that the U.S. hoped would someday join in its efforts to check advances made by the Soviet Union in the region. Thus, when Argentina invaded the islands in April, the U.S. was thrust into the awkward position of relations with Western Europe and North America. The predicted strain in North‐South dialogue comes though at a time when many countries, including France, Canada and Holland, publicly acknowledge that political and economic stability in Latin America is vital to both European and American long‐term political and economic interests.
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