For this quote:
[T]his is an enormously dynamic period of time. This is a region that’s changing. As it changes, we have to understand that the nature of our influence changes. We are operating in a much more competitive environment than we have in the past. The impact of globalization, democratization of Latin America and its openness to trade and to connecting to trading partners and political partners beyond the Americas has really created, I think, a rich and important environment in which Latin America is really connecting to the rest of the world in a way that it has historically never connected.
This is a good way for the U.S. government to view its relationship with countries in the region. For a variety of reasons, Latin America is indeed connecting more to the rest of the world. The United States needs to compete for influence, and demonstrate why its policies, goals, programs, etc. are preferable to others.