The Biden administration’s policy approach to the Middle East has come under recent criticism, and its Indo-Pacific policy and its role in Africa are up for debate. But a key region seems to be flying under the radar: Latin America. What is U.S. policy toward its own neighborhood? Does the U.S. even have a policy toward the region?
South America
Chileans have once again dealt President Gabriel Boric a major setback, handing an overwhelming victory to the right-wing opposition in a vote for a new Constitutional Council. The outcome all but ensures that Chile’s next constitution will fail to bring about the progressive changes Boric and his supporters had envisioned.
Over the past two decades, Chile has been a place where businesses can operate in a regulatory environment shaped by steady and fair rules, while Argentina’s extensive regulations on prices, taxes and capital controls have made business difficult. However, when it comes to the lithium industry, that narrative has just been flipped.