“…The recent election of the former mayor of Bogota marks an important change in the political landscape of that country. This is because Colombia was, until recently, the only major economy in the region that had not experienced a leftist government, a trend that is often referred to as the ‘Pink Tide’ (Artz, 2017; Helbert, 2021; North and Clark, 2018). Moreover, in previous presidential elections, 2010 and 2018, Petro had been unsuccessful and many predicted that this would be his last opportunity.…”