South America: New Realities, Persistent Challenges
Over the past decade, South America has experienced dramatic changes, in terms of both the region's politics and its place in the global economy. But while progress has been made, it has been uneven, and many shared governance challenges remain stubbornly persistent. That has meant unexpected foreign policy defeats for Venezuelan President Hugo Chávez, who has seen his influence plummet in recent years. It has also highlighted the ways in which U.S. policy must be brought up to date to reflect the region's new realities.