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The unraveling of the Washington Consensus in Latin America is part of a broader decline of US hegemony in the region and beyond. Four distinct approaches by Latin American analysts from Argentina, Chile, Mexico, and Cuba are introduced that examine different aspects of this decline. It is argued that any serious analysis of regional hegemony must include consideration of the interrelationship between economic and military factors; the emergent modalities of exercising hegemony such as free trade agreements; the power structure of the hegemonic state; and the broader context of the global political economy. [ABSTRACT FROM AUTHOR]