Venezuela plays a leading role in the convergence of Latin American countries governed by left-leaning political movements. In July 2012, Venezuela became a full member of the Mercado Común del Sur (Southern Common Market, or MERCOSUR). By allowing the founder of the political ideology known as “Socialism of the 21st Century” to join the trading block, MERCOSUR opened the door to other countries governed by the hard left, such as Bolivia, which signed the MERCOSUR initial incorporation protocol on December 12, 2012. Now Venezuela has taken over the six-month presidency of MERCOSUR. This should help further erode the sharp differences between the moderate Latin American left and the hard left.
- Special Mercosur parliament committee to help decide on Paraguay/Venezuela controversy (en.mercopress.com)
- Paraguay’s president Cartes sworn in (bbc.co.uk)
- Procurement in Latin America – The Case for Regional Economic Integration (spendmatters.com)