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Turning pink again
Between the waves (3): economic weakness darkens the horizon
The first wave of the pink tide was enabled by the extra revenues generated by the global commodity boom in the 2000s and the early 2010s. A repeat of that boom looks unlikely in the 2020s. On the contrary, in general terms the region's economic outlook is now more troubled, as countries struggle to respond to the negative shocks caused first by the pandemic, second by global economic tensions between the US and China, and third by the war in Ukraine. While some analysts see a positive side to the current difficulties, arguing that the absence of any easy economic solutions will increase the chances of genuine reforms being implemented to enhance competitiveness, the reality is that any current or future left-wing administrations face potentially daunting challenges.
- Introduction
- What did the first pink tide achieve?
- The debate about the pink tide
- Between the waves (1): the rise of green politics
- Mexico joins the tide
- Between the waves (2): lessons of the pandemic
- Chile: the new face of the left?
- Between the waves (3): economic weakness darkens the horizon
- Brazil – the debate over Lula’s policies
- Between the waves (4): a weakened political system
- Petro’s victory heralds battle over reforms in Colombia
- What is the prognosis for the left?