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Copyright of Revista de Estudios Políticos is the property of Centro de Estudios Politicos y Constitucionales and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Europe is likely to be among the losers, Latin America among the (relative) winners in the global financial crisis. Europe's expected loss of power and a more crisis- resistant Latin America under Brazilian leadership mean that for the first time dialog is possible on equal terms. The changing international positions of the two regions calls for new ways of thinking beyond the traditional North-South and inter-regional approaches, which no longer correspond to the prevailing relationship patterns. Even the notion that Europe could counterbalance the USA in Latin America has proved to be an illusion. Rather Latin America is courting new economic partners, such as China and Russia, and has used the eight-year political detachment from Washington as a regional emancipation process. Inter-regional relations are likely to stagnate in the next few years owing to the recession in Europe. Only the middle-sized power Spain will be able to maintain its involvement in culturally akin Latin America and use the Ibero-American Community of Nations as a platform for improving its international influence. Regarding the next summit, to be held in Spain in 2010, the EU should approach Latin America not as an object of development policy, but as a global partner in the construction of a new, fairer world order. Latin American and European consensus is unlikely on controversial issues such as expansion of the UN Security Council or the stagnating WTO Doha Round, but augurs well in relation to climate protection, promotion of democracy and human rights, and approaching reform of the international financial system within the framework of the G-20. Brazil, as a future regional and, potentially, global power is, like Mexico, a privileged partner of the EU. The change of government in the White House will also facilitate closer relations with the USA, where Latin America, because of immigration and economic interdependence - as in the case of Spain - has become both a domestic and a foreign policy issue. As Latin America's closest partners, Spain and the USA have established strategic partnerships with Brazil and Mexico. The long-standing »problem case« of Cuba, as well as Bolivia and Venezuela, may well prove to be the first test cases of the »transatlantic quartet« of Brazil, Mexico, Spain, and the USA. [ABSTRACT FROM AUTHOR]

Copyright of Araucaria is the property of Araucaria-Revista Iberoamericana de Filosofia, Politica y Humanidades and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)