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The next U.S. president has a great opportunity to lead regionaleconomic integration in the Americas, to the benefit of both theUnited States and Latin America. For the Americas, the high hopes of a decade ago for ahemispheric trade agreement have faded, along with confidencein the region’s ability to act collectively to address fundamentaleconomic challenges. The model for integration outlined here is a regional investment standards agreement—a collective effort to set common standards for key microeconomic policies affecting both domestic and foreign businesses.