The purpose of this paper is to debate the policy alternatives and
limits of Latin American sustainable development. Latin American countries
have changed their developmental strategies from import substitution
industrialization and neoliberal globalisation to sustainable development. With
the discussion of “Green Industrial Revolution” and “Ecological Social
Revolution”, ensuing policy alternatives such as environmental protection,
ecological land use planning, eco-tourism, establishment of ecological corridor,
green employment, biodiversity, new recycling energy, and ecological debt
program are discussed in detail. This paper deals with the harmony of
economic growth and environmental protection, the need of political regime
change, and the cost transfer of environmental protection from forerunners to
late-comers as the limitations of Latin American sustainable development. In the
last chapter, this paper adds the possibility of Latin American-Korean
cooperation through various ways such as ODA. Especially, the Korean model
of land reform, strong educational drive, and the formation of reformative ruling
coalition is emphasized as the same effective ways for Latin America.