The book explores how Latin American countries shifted from a model of protecting their own industries to one focused on free markets. It looks at the impact of neoliberal policies and the Washington Consensus, as well as newer ideas like the Post-Washington Consensus. By studying Mexico, Brazil, Chile, and Uruguay, the book shows the challenges and benefits of economic liberalisation. It helps readers understand how these countries can grow their economies, reduce poverty, and distribute income fairly. The book combines theory and real-world examples to give a clear picture of Latin America's economic situation. It's a useful resource for students, professionals, and anyone interested in the region's economic development.