Colombia was once on the verge of becoming a failed state, racked by narcotrafficking and a long-running insurgency by the guerrilla group known as the FARC. Now the country is poised for newfound stability thanks in large part to more than a decade of effort and billions in American money and military aid. Gino Costa, the former interior minister of Peru, has watched Colombia’s gains with a sense of alarm, because as Colombia’s coca production has been cut by 40 percent since 2000, Peru’s has risen steadily, and the country is close to...

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