Almost thirty years have passed since Latin America joined democracy's global third wave, and not a single government has reverted to what was once the most common form of authoritarianism: military rule. Behind this laudable record, however, lurk problems that are numerous and deep, ranging from an ominous resurgence of antidemocratic and economically irresponsible populism to the fragility and unreliability of key democratic institutions. A new addition to the Journal of Democracy series, this volume ponders both the successes and the difficulties that color Latin American politics today. The book brings together recent articles from the journal and adds new and updated material. In these essays, a distinguished roster of contributors thoughtfully examines democratic problems and prospects from the Rio Grande to Tierra del Fuego. The first section assesses regionwide trends, including the forces behind the much-discussed political turn to the left, the travails of the presidential form of government, the challenges of integrating newly mobilized indigenous populations into politics, the need for major reform in labor markets, and the implications of rising populism for democratic institutions and governance. The second section features important case studies of Argentina, Brazil, Chile, Colombia, Ecuador, Peru, and Venezuela. The final section surveys Mexico, Central America, and the Caribbean.