opportunitas-advisors-The Transitions Of Democracy

November 2, 2023

Opportunitas Advisors

The Transitions Of Democracy

Guillermo Bolinaga analyzes democratic de-consolidation in Latin America and the role of the private sector in his new book.

Guillermo Bolinaga, founding partner at Opportunitas Advisors, contributed with a chapter for the book “The Transitions of Democracy: Between Freedom and Authoritarianism”. In the text, Bolinaga explores the role of the private sector in strengthening democratic governance in Latin America. The book was officially presented on Wednesday, November 1, 2023, at the National Endowment for Democracy in Washington, DC, and was edited by Venezuelan democratic leaders Julio Borges, Juan Miguel Matheus, and Paola Bautista de Alemán.

The book offers an analysis of how autocratic governments become entrenched through the destruction of the democratic regime, as seen in Venezuela, and analyzes the underlying causes of democratic erosion. The text also includes contributions from former world leaders such as the former president of Spain, Felipe González; the former president of Brazil, Fernando Henrique Cardoso; the former president of Costa Rica, Oscar Arias; and the former president of Uruguay, Julio María Sanguinetti.

The writers share their analysis and experiences in democratic transitions and how these processes offer practical solutions to strengthen democracy globally. Additionally, it includes a foreword by Stanford professor and specialist in the field of democratic governance, Larry Diamond.

Bolinaga emphasizes that democratic de-consolidation poses direct challenges to private companies: “In the non-democratic metaverse, companies face increasing uncertainty due to unstable regulations, abrupt and unpredictable changes, less independent and politicized judicial systems, discrimination and unfair competition, and fewer economic freedoms. The private sector has also been impacted by the increase in social conflicts as a result of the growing polarization, the use of pseudolegality, and the growth of the illegal economy. Bolinaga concludes that the private sector has a duty to actively defend democratic institutions and human rights, since its “survival and prosperity are intrinsically linked to the well-being and stability of the societies in which it operates.”

The book will be available soon on Amazon in English and Spanish.

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