Latin America : Looking forward for its best alternatives Although it might seem unusual, Europe with its debt problem is in an alike situation to the one America Latina had in the eighties.Is Europe next to also have a lost decadae.Maybe so. The point to address is what America Latina has learned from the past. 1.- Ideology is not the best path to solve the social problems 2.- The State is not an efficient partner to complement the private sector 3.- Private investment need clear and stable rules 4.- Inflation does not pay off 5.- Property rights matter for goods exchange and investment decision 6.- Financial markets ,needs regulation up to the point necessary to be in charge of systemic risk, but no more than what it requires to do its resource allocation task.- 7.- Markets flexibility helps to get more competitiveness advantage All of the previous conditons one or another, have been presents in the current pace of economic growth of Latin America economies.Those closer to them , have better performance regarding those more distant from them. The question is what comes next?. It seems that the option goes in one direction, to pursue the path already done. Thius does not means to deny some corrrections, specially when it comes to unequalities and key services (education and heakth). But the core of aditional progress, it is hardly different to the one proved.-