The success of powers such as China and the United States, driven by state intervention, highlights the fallacy of neoliberal free market dogma and underscores the need to adopt pragmatic policies free from rigid ideologies.
More than redefining its negotiating strategy, the region needs to balance relative power and raise the cost of non-compliance for the United States. It is therefore essential that the FTA countries — and ideally all of them — coordinate their response.
Globalization is evolving toward a more fragmented phase, marked by geopolitical rivalry between the United States and China. Faced with this changing scenario, Latin America must build its own strategy that will enable it to navigate autonomously in an increasingly complex environment.
Trump claims to be exploited by the rest of the world, when the United States has been the architect and beneficiary of the globalization of which its president now claims to be a victim.
