Although the majority of Latin America’s states are governed by constitutional democracies, challenges to effective democratic governance remain. Leaders confront the task of managing economic and social affairs while representing heterogeneous societies with heightened expectations.
Economics, Finance & Trade
Economic opportunities have become the main force driving relationships in the Western Hemisphere, but Latin American countries face enormous challenges in strengthening their international competitiveness and assuring their position in global finance and trade flows.
The impact of profound transformations in the global economy, climate change, and new information and communications technologies make it clear that Latin America’s future is inextricably connected to developments taking place beyond the region’s borders.
Recent political and economic transformations in the Americas, north and south, create potential synergies and mutual opportunities. Equitable prosperity requires extensive cooperation among the countries of the Hemisphere to address shared challenges.
Security & Drug Policy
Latin America’s citizens persistently cite rising levels of crime and violence as their main concern. Developments linked to heightened insecurity undermine democratic processes and stunt economic growth.
Despite making great strides in recent years, Latin America and the Caribbean remains the world’s most unequal region. To effectively deliver on the promise of growth, the Hemisphere’s policymakers need still better guarantee shared prosperity, protections, and rights.