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Seminar paper from the year 2013 in the subject Politics - Region: Middle and South America, grade: 2,0, University of Hagen (Institut für Politikwissenschaft), course: Modul P2 - Demokratisches Regieren im Vergleich, language: English, abstract: The debate of Seymour Martin Lipset's modernization theory with its involved main claim of a strong correlation between democratization and socio-economic modernization is discussed on a deepened level by the pioneers of transformation studies. Tatu Vanhanen appositely clarified that - at the best case - developing countries are passing through a political modernization process by achieving the final stage of democracy at the same extent as their socio-economic development (Vanhanen 2003). Based on this thought the transformation scientists do widely agree: by all means, there has to be an evident interdependence between the level of socio-economic development and the ability for democracy. But is this causality a necessary or even a sufficient condition? If we want to go further into this question, Latin America might be a fruitful area. Especially in the presently proclaimed “century of globalization and power shift” there is a considerable research interest on developing global areas such as Latin America1. According to the assignment's title my research question is: how meaningful is the impact of socio-economic parameters for the democratization of postauthoritarian countries of the “Third Wave” in Latin America?