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This textbook offers basic economic tools for students to understand the problems facing the countries of Latin America. After a brief historical overview, Patrice Franko builds a contemporary model of regional development. She explores the contradictions of growth, especially in the context of overcoming intractable problems of poverty, education, health and discrimination. Inviting students to view challenges through the eyes of policy-makers, the text encourages a critical assessment of past and present policy choices. Data exercises promote research skills and highlight the diversity of development experiences in the region. Liberally interspersed with examples and case studies, the author combines theory and its application in the real world. The text simultaneously challenges strong students while clarifying the fundamentals for novices. By exploring the difficult choices facing Latin American policy-makers, the author gives readers interested in economics or in Latin American studies the conceptual means to understand the puzzle of strong, sustainable, and equitable growth in the region.