Latin American archaeology has been influenced by the world theoretical context, from which it has developed original approaches. Currently, a culture-history conceptual foundation still predominates in the region, with some modern variants that have emphasized environmental aspects and approached specific problems. Processual archaeology, especially the North American varieties, remains minor in the region despite many Latin American archaeologists’ belief that their work falls within this camp. Post-processual trends are even less well represented, although a growing number of researchers focus in an eclectic fashion on subject matter that corresponds to the post-processual agenda (e.g., identity, multivocality, etc.). Researchers in certain areas within the region are producing original research linked to political economy and its relation to ideology, and others are focusing on symbolic and cognitive aspects (in some cases within a structuralist framework). In Latin America several interesting methodological developments are emerging, among which ethnoarchaeology and vertebrate taphonomy stand out. In recent years historical archaeology has been one of the disciplines that has grown the most and achieved the greatest popularity. Despite the still-limited nature of Latin American archaeology’s contributions in the field of theory and methodology, there is nonetheless sustained growth in this direction, fundamentally in the generation of models for the interpretation of regional processes. However, these contributions are not visible at the level of international debate and are generally ignored by archaeologists from the central countries. The multiple causes of this phenomenon are analyzed.