Abstract
It is timely to observe how the end of the Cold War is affecting the world outside Europe, particularly in Latin America and the Caribbean, where there is a turn toward a positive form of nationalism. During the Cold War, a defensive form of nationalism prevailed in Latin America and the Caribbean, as did a search for a third way between socialism and capitalism. The slump of the 1980s revealed the social and economic shortcomings of defensive nationalism and led to the end of the search for a third way. As a consequence, a new, more positive form of nationalism is emerging that has placed Latin America and the Caribbean at a decisive and unprecedented juncture in its development choices. One path may lead to a prosperous and democratic hemisphere, while the other could result in a slide back into depression and dictatorship.
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