South America is a continent located in the western hemisphere, mostly in the southern hemisphere, with a relatively small portion in the northern hemisphere. It may also be considered a subcontinent of the Americas,which is the model used in nations that speak Romance languages. The reference to South America instead of other regions (like Latin America or the Southern Cone) has increased in the last decades due to changing geopolitical dynamics (in particular, the rise of Brazil)It is bordered on the west by the Pacific Ocean and on the north and east by the Atlantic Ocean North America and the Caribbean Sea lie to the northwest. It includes twelve sovereign states (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela), a part of France (French Guiana), and a non-sovereign area (the Falkland Islands, a British Overseas Territory though this is disputed by Argentina). In addition to this, the ABC islands of the Kingdom of the Netherlands, Trinidad and Tobago, and Panama may also be considered part of South America.