ABSTRACT
Latin American political development presents with an array of paradoxes that befuddle the predictions, prescriptions and commentaries of writers and academics on both the right and the left. A major development paradox in the contemporary Latin America is that the Post-Washington Consensus on the need for a more socially inclusive form of neoliberalism, and a decade of poverty alleviation policies implemented on the basis of this consensus. A brief survey of Latin American in 2008 of all the major countries confirms the new paradigm of a resurgent right. Latin American capitalism has become more free trade, more deeply integrated into the global market and exhibited higher growth rates at a time when United States capitalism enters into recession and experiences stagflation. Most of the countries in South America, where the new pattern of the sustained economic growth is concentrated, have a primary good export structure.
