Petro’s Receding Power in Latin America’s Political Chessboard
Petro’s relevance is in decline and his relations with incoming governments far and near will be complicated.
Petro’s relevance is in decline and his relations with incoming governments far and near will be complicated.
The current Paraguayan government understands the country’s advantageous moment and aims to leverage it in a way that elevates the country’s standing in the Americas.
Petro starts his term with a grand vision of Latin American unity that will likely face significant political, social, economic, and geopolitical obstacles.
Despite gains by the PSOE, Pedro Sánchez will still have to govern from one of the weakest positions in Spain’s recent democratic history. Few would envy his daunting charge of navigating the contradictory challenges of growing nationalism and regionalism in the years to come.
Despite theory and hope, the past 10 years of rising multipolarity have not brought a rise in multilateralism. Ad hoc coalitions—such as the G20 and BRICS—have emerged, while global commitments—from trade to climate change—and regional organizations have faltered.
Today we have a real opportunity to assess how southern regionalism become political spaces where policies are redefined and the norms of global political economy can be renegotiated.