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This paper will set out the two very different regional leadership strategies being pursued by Brazil and Venezuela, concluding that it is the Brazilian neo-structuralist vision that will have more success than the Venezuelan overseas development aid approach. The two different approaches to Latin American leadership point to a substantive difference in how the regional system should operate in geopolitical and geo-economic terms, with the Brazilians favouring a market-oriented system in opposition to Venezuela's statist option. Contestation for regional leadership as set out in the article emerges as an early indicator of a chilling of relations between Brazil and Venezuela and points to a future scenario where other regional states may be able to play off contending would-be leaders.
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