Forget all the talk about the region’s “pink tide” and focus on which candidate is most likely to lift the greatest number of boats.

The key to its success will be dodging zero-sum choices between the two superpowers.

Once the region’s no-frills, free-market poster child, Chile needs more government spending, not less, to sustain its growth trajectory.

Once able to rely on larger-than-life finance ministers, the region’s business leaders now need to make the public case for free markets via retail politics.

With its clean energy matrix, the region could capitalize on the green transition—if leaders in Mexico and Brazil get with the program.

Biden’s trade agenda is trying to tackle climate change, domestic jobs, and great power competition, but trade-offs are inevitable. A clear vision on priorities is essential.