Latin America in 2021 – The World Order

The coronavirus pandemic increased uncertainty in a 2020 that was already expected to be convulsed in Latin America. It was not until the last quarter of the year when the political agenda was reactivated. The triumph in favor of a new Constitution in Chile and the end of the institutional crisis in Bolivia after the victory of Luis Arce in the presidential elections in October are the cases that have had the most impact. But they have not been the only ones. The economic crisis has worsened in Argentina and violence continues to plague Mexico and Colombia, where the arrest of former President Álvaro Uribe in August also aggravated political tension, as has happened with social protests in Ecuador, Guatemala or Peru.

In the economic sphere, the forecasts revive the memory of the lost decade of the eighties, when the economies of the region went from sustained growth to a recession due to the growing public debt, the fiscal deficit and the fall in the price of materials cousins. Joe Biden’s arrival in the White House will also have regional implications. Faced with the isolationist policy of Donald Trump, it is expected that the new Administration will give a gi …

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