Electoral Uncertainty in Latin America

Latin America is entering a period of heightened electoral uncertainty as a dense cycle of elections from late 2025 to 2026 reshapes the region’s political trajectory. Voter fatigue, economic pressures, and dissatisfaction with inequality are fuelling a potential shift away from left-leaning governments toward more centrist or market-oriented leadership. While this transition may unlock reform and investment opportunities, it also heightens risks of policy volatility, social unrest, and intensified geopolitical competition between global powers.

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Global Order Under Strain: The Major Foreign-Policy Shocks of 2025

2025 exposed a global order under strain, defined less by decisive realignments than by accumulating shocks. U.S.–China economic confrontation became visibly symmetric, conflict mediation in Ukraine and the Middle East lost credibility, and regional actors assumed security roles once held by global powers. Trade routes, supply chains, and deterrence norms all proved fragile. The year underscored a central reality: major powers retain ambition, but their ability to enforce outcomes is increasingly constrained, producing a more volatile and contested international system.

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