State Capitalism in Latin America

State capitalism in Latin America has survived the re-democratization in the 1980s and remains relevant to the political economy of most countries in the region. State capitalism remains popular because it has been instrumental for the political survival of both left- and right-wing governments. In this chapter, I provide an overview of current level of the state capitalism in Latin America, and a review of the extant literature. Finally, I develop a framework to describe how governments may use state capitalism tools to distribute private and public goods aiming at building and managing coalitions in multiparty presidential systems. State capitalism in Latin America still alive and relevant.