Bloomberg Businessweek

South America Votes Right But Leans Left

Conservative leaders face resistance on the public policy front

With the inauguration of Jair Bolsonaro as Brazil’s president on New Year’s Day, right-leaning, market-friendly leaders will govern much of South America—in total, 85 percent of the continent’s 415 million citizens. Many of those people, however, still need a little convincing that right-leaning, market-friendly governments are the way to go.

Notionally at least, the rightward pivot among leaders means that for the first time in decades, most of South America’s collective $3.2 trillion economy is aligned with U.S. commercial and diplomatic interests. That could free billions in investment, merger activity, and trade partnerships.

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