Hoy, paises de Europa Oriental y Central, de America Latina y de otras partes, tratan de alcanzar al mismo tiempo, con diferentes grados de exito, tanto la democracia como la libertad economica. En algunos casos, se ha frenado la libertad economica o ya no tiene prioridad, un gran retroceso para la democracia. Asi pues, este trabajo se orienta a analizar el contexto de la libertad economica en America Latina, a partir de la segunda mitad del decenio de 1990 hasta la actualidad, no sin antes hacer una retrospectiva de dicho contexto en epocas anteriores. Particularmente se dirige al estudio de aquellos paises en donde la libertad economica se ha incrementado: Chile, Colombia, Mexico, Peru, Costa Rica y Brasil; asi como de aquellos en donde ha experimentado un notable deterioro: Venezuela, Ecuador, Bolivia, Nicaragua y Argentina. ABSTRACT At present, countries from Eastern and Central Europe, Latin America, and other regions try to accomplish, at the same time, but with different degree of success, both democracy and economic freedom. In some cases, economic freedom has been blocked or has already ceased to have any priorities, which implies a great hindrance for democracy. This paper is focused on the analysis of the context of economic freedom in Latin America, from the second half of the 90s up to the current times, starting from a retrospective exercise on that context in past times. It has been, especially focused on countries such as Chile, Colombia, Mexico, Peru, Costa Rica, and Brazil, where economic freedom has been increasing; also, on those where it has experienced a notable descent: Venezuela, Ecuador, Bolivia, Nicaragua, and Argentina.