Deindustrialization and recommodification have been setting Latin American economies back for decades. Can a push for greater productivity put them on track again? In the 10 years from 2014 to 2023, Latin America’s aggregate economy managed to quietly reach depths unknown even during the dismal Lost Decade that followed the onset of the region’s debt crisis in 1982. The recent period logged average annual growth rates of 0.9%, compared to 2% a year four decades ago, notes Marco Llinás, head of