Roberto Teixeira da Costa, president and founder of the Arbitrage Chamber of the São Paulo Market and founding chair of the Brazilian Securities Commission (CBM), has published an e-book titled O Brasil tem medo do mundo? Ou mundo tem medo do Brasil? or “Is Brazil afraid of the world? Or is the world afraid of Brazil?”
How does the Covid-19 pandemic affect Latin America’s insertion with the world? Andrés Malamud explored this topic in the book ‘Unfulfilled Promises’ in 2019. Today he reflects on how the pandemic has changed none of the trends he then identified. Rather, it has highlighted all of them: at the global level, we witness increasing multipolarity, failure of multilateral cooperation, and a Sino-American power transition; in Latin America, we observe structural heterogeneity, political fragmentation, and geopolitical irrelevance. Let us elaborate.
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˙ Unfulfilled Promises: Latin America Today