The WSJ piece - TheTwo Latin Americas by DAVID LUHNOW - argues that:
“There are two Latin
Americas right now. The first is a bloc of countries—including Brazil,
Argentina and Venezuela—that faces the Atlantic Ocean, mistrusts globalization
and gives the state a large role in the economy. The second—made up of
countries that face the Pacific such as Mexico, Peru, Chile and
Colombia—embraces free trade and free markets.”