Latin American Political Economy: Making Sense of a New Reality

This brief article is designed to highlight an unfortunate discrepancy in the field of Latin American political economy. The field’s raison d’être has never been more compelling. Latin American societies have simultaneously been experiencing profound transformations—including democratic consolidation, demographic transition, and the growth of identity politics—and a palpable sense of déjà vu animated by the recovery of commodity prices and the return of populism. In a nutshell, the region is undergoing a deep economic transformation, which takes place in the context of unprecedented levels of political participation.