Paraguay’s Moment: A New Chapter for Development

Paraguay is often overlooked in South America, but it is beginning to occupy a more visible place in regional economic and geopolitical conversations. With a growing economy, clean energy resources, and longstanding diplomatic ties with Taiwan, the country is trying to position itself for a new stage of development—one that goes beyond commodities and turns growth into broader opportunities for Paraguayans. In this episode of 35 West, Associate Director Juliana Rubio sits down with Esteban Caballero, a political scientist and researcher at FLACSO Paraguay, to discuss Paraguay’s economic trajectory, the structural challenges that still shape its development, and the role international partners can play. They also examine how Paraguay’s relationship with Taiwan fits into a wider geopolitical context involving the United States and China.