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COPENHAGEN — Shortly after he was elected Uruguay’s first left-leaning president, Tabare Vazquez declared that, “We have to reconstruct the future from the limitations of our own times.”

Reconstruction and transformation are occurring across Latin America. A “pink tide” has brought politicians like Vazquez to center stage, posing a challenge for North America and Europe. Reform and high commodity prices are buoying the region. Latin America’s economies are doing better now than they have in a long time.

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