Union of South American Nations experience different levels of privations arriving, in extreme cases, to the absolute poverty. However, it is necessary to emphasize that poverty in South America has been reduced in a surprising way, especially in the Southern Cone and North of South America. Today, thanks to the development of many South American nations, it has allowed the world, their eyes on some governments, even forming part of economic blocs like G20 and BRICS. Although this reality is common to the entire South American group, the countries of the so-called Southern Cone (Argentina, southern Brazil, Chile, and Uruguay) present more positive socioeconomic data
Union of South American Nations that the union would have on the world stage. The name was finally changed on 16 April 2007 to "Union of South American Nations". The new name was jointly agreed by all member states during the first day of meeting at the First South American Energy Summit, held at Isla Margarita, Venezuela. After Colombian Ernesto Samper completed his term as Secretary General in January 2017, the UNASUR governments have been unable to reach consensus on the organization's future leadership. Venezuela, with the support of Bolivia and Suriname, has blocked the nomination of Argentine diplomat José Octavio Bordón. In August 2017,