Objective/context:

The paper analyzes the causes of the crisis of Latin American regionalism, seeking the reasons that determine its nature, scope, and consequences, as well as the dilemmas posed by different exit options.

Methodology:

Based on a definition of the concept of crisis, a model of analysis is proposed that traces significant governance processes and crisis factors at the systemic, regional, and domestic levels, using a series of indicators that allow interpreting their impact on Latin American regionalism projects and their effects in the form of crisis.

Conclusions:

The findings suggest the existence of structural conditioning factors that exceed the established paradigms and political dynamics that were unable to overcome their contradictions, which led to a triple crisis of results, model, and expectations, the effects of which directly affect the credibility of the projects. The crisis, therefore, does not appear as a mere question of political will but as a complex combination of multiple factors involving states and other national and international actors and social forces.

Originality:

The article broadens the analytical perspectives of Latin American regionalism by proposing a novel approach that helps better understand its particularities vis-à-vis other regionalisms and opens the possibility of continuing and deepening the empirical analysis of each specific regionalism.