ABSTRACT
This chapter offers some final insights, claiming that the processes seem to indicate that Latin American countries and their regional organizations are facing a historical turning point in their evolution. It argues that Latin American regionalism and foreign policy strategies show a much more complex pattern of relations, memberships, and allegiances than the Atlantic–Pacific divide. The chapter explains how the region is also moving on through organizations or platforms, which seems to respond to a common willingness to improve regional governance. In a general appraisal, the implementation of open regionalism has been “partial” and “selective”. Open regionalism was founded on the liberal consensus of the post–Cold War era regarding the primacy of the markets and liberal democracy. Latin American countries could identify their interests, goals, and agendas for these negotiations and design a strategy for mitigating the negative effects of mega-regionalism regarding trade, investment, and policy space for development.
