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Latin America has often been condemned to failure. Neither poor enough to evoke Africa's moral crusade nor as explosively booming as India and China, it has largely been overlooked by the West. Yet this vast continent, home to half a billion people, the world's largest reserves of arable land, and 8.5 percent of global oil, is busily transforming its political and economic landscape. Reid argues that rather than failing the test Latin America's efforts to build more prosperous societies make it one of the world's most vigorous laboratories for capitalist democracy. Drawing on Reid's many years of reporting from inside Latin America's cities, presidential palaces, and shantytowns, this book provides a vivid, immediate, and informed account of a dynamic continent and its struggle to compete in a globalized world.