What Panama’s election says about the state of democracy in Latin America

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Panama is the latest example of populist figures' enduring influence in Latin America. Despite corruption scandals, José Raúl Mulino, a close ally of former...

Supporters of presidential candidate José Raúl Mulino celebrate early results after the closing of polls for general elections in Panama City, Sunday, May 5, 2024. Endorsed by former president Ricardo Martinelli, Mulino's win concludes one of Panama's most contentious electoral cycles and underscores the enduring influence of populist figures in Latin America, writes Cristina Guevara.

Ultimately, discontent with the ruling party alongside the ongoing economic crisis, may have influenced the election outcome in Mulino’s favor.Panama’s economic instability holds particularly significant implications for U.S. foreign policy and broader geopolitical competition with China. Economic upheaval in Panama, including the loss of its investment grade status, may adversely affect U.S. businesses operating in the country and those seeking to invest.

Despite the multitude of social, economic, and humanitarian challenges, a primary concern regarding Mulino’s presidency centers on the potential influence of Martinelli. Mulino has stated However, broader apprehensions about the concentration of power within political elites and the potential erosion of democratic norms in Panama, following regional trends, may be justified.. This essay explores the implications of Panama’s recent presidential election and the perennial influence of populism in the region.

 

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