Latin America has it all: democracy and dictatorship, wealth and poverty, markets and socialism, hope and despair. Whatever kind of progress you are looking for, Latin America ranks somewhere in between Asia and Africa.

Obviously, there are no easy answers. But Peruvian Alvaro Vargas Llosa has some ideas well worth considering. Watch him talk about his book, “Liberty for Latin America: How to Undo Five Hundred Years of State Oppression”, at the World Affairs Council.