The 20th century in Latin America began, in literary terms, with the emergence of Modernism, which exerted enormous influence over both sides of the Atlantic. From then on, the literature of the region—at least the literature written in Spanish and Portuguese—has been on a long process of assimilation in favor of the best features of the universal tradition enriched with the specificities of Latin American culture and history. Impacted both by competing aesthetic trends and social and political upheaval, the literature of Latin America provides a unique place from which to observe the contradictions of the region, as well as to attempt to answer the major questions that the region poses. Some basic certitudes do not prevent one recurring question from coming up: Does a Latin American literature exist? The answer is more complex than it appears on the surface, but the truth is that the most significant and ambitious moments of that literature—Modernism, the Vanguards, and the celebrated boom of the novel in the 1960s—have been those in which Latin American writers have been recognized as belonging to a common literary space. A journey through fictional narrative, poetry, essays, and even a relatively new genre such as testimony can attest to the way in which Latin Americans see themselves and think of themselves, with their own national and regional specificities and, in contrast with the others, beyond the space of the region. In the last decade of the 20th century, after the fall of the Berlin Wall, Latin America was no longer what it had been for thirty years. By then, revolutionary dreams, guerrillas, the long nights of dictatorships, and the recovery of democracy—just to mention a few of its most recognizable aspects—felt like a distant past. In this context, a new generation emerged in order to close out the 20th century, and beyond that, to begin the 21st. To read, even if it is from a bird’s eye view, the interval between the Modernists to the 21st-century generation is the aim of these pages.