Mr Pelosky, who is based in New York, believes regionalism is the new globalism and espouses a “tri-polar” world theory, in which the Americas, Europe and Asia go their own ways and the south of each region in particular prospers. He has a good point. Start with the geopolitics. Much of Latin America is coming out of decades of populism and protectionism while the rest of the world seems to be plunging headlong into it. While the US is at the end of a recovery cycle, many analysts believe Latin American markets have plenty of room to run.