Mounting evidence suggests that Latin American democracies are characterized by politics and societies becoming more divisive, confrontational, and polarized. This process, which we define here as the “new polarization” in Latin America, seems to weaken the ability of democratic institutions to manage and resolve social and political conflicts. Although recent scholarship suggests that polarization is integral to contemporary patterns of democratic “backsliding” seen in much of the world, this new polarization in the region has not yet received systematic scholarly attention. Aiming to address this gap in the literature, the different contributions in this special issue revise the conceptualization, measurement, and theory of a multidimensional phenomenon such as polarization, including both its ideological and affective dimensions, as well as perspectives at the elite and mass levels of analysis. Findings shed light on the phenomenon of polarization as both a dependent and an independent variable, contributing to comparative literature on polarization and its relationship to democratic governance.