Chile Appoints a Left-Wing Body to Draft Its New Constitution

After winning a majority of seats in the Chilean constitutional convention, left-wing factions will have the opportunity to introduce broad reforms that could undermine the country’s pro-business environment and increase economic risks. During Chile’s May 15-16 election for the representatives of the constitutional convention, center-right party Chile Vamos ended up with 37 seats, falling short of securing the one-third of seats needed to block proposals. The leftist vote was split between the Lista del Apruebo alliance (which received 25 seats) and other various far-left parties (which received a combined 28 seats). The remaining seats went to an assortment of 48 independent candidates, with 17 seats set aside for indigenous representation. ...