This book analyzes ALBA’s structure and dynamics, its practicality, its medium and long-term sustainability, and its capacity to influence regional and international affairs. The work examines ALBA’s possible economic and security consequences for neighboring non-member states in the region, particularly the United States, as well as other key actors such as China, Russia, and Iran. The volume analyzes the origins, ideological orientation, structure, internal dynamics, and evolution of the ALBA initiative and its regional and international implications during its first decade of existence. It is the first comprehensive work on the subject with a multi-disciplinary perspective and it provides an analysis of the new regional, Bolivarian Alliance initiative in Latin America and its relation to the international system. The volume includes studies on the Bolivarian Alliance and Chavismo under Hugo Chávez Frías’ leadership. As a whole, this volume weaves together such crucial issues as oil politics, drug-trafficking, hemispheric security, and trade.