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In many ways, Latin America is the region of the future. Thanks to an abundance of natural resources, the region’s young population, and its cultural strengths, Latin America has great potential. Yet its challenges are substantial: populism, economic stagnation, weak institutions, organized crime, and extra-regional powers seeking influence. Geopolitical competition and recent changes in the United States’ policy approach to the region are creating a dynamic scenario that calls out for an analysis of future impacts.