This chapter examines the trajectory of New Public Management (NPM) in Latin America and its interaction with emerging paradigms such as New Public Governance, New Public Service, and Public Value Management. Combining bibliometric and documentary analyses of academic production (1991–2024), the authors assess whether NPM has been replaced, coexists with, or has hybridized with its alternatives. The results reveal a distinctive pattern of hybridization: NPM reforms, though unevenly implemented, have blended with governance, transparency, and participation frameworks rather than being supplanted by them. The chapter highlights how contextual factors—such as political instability, bureaucratic persistence, and limited institutional capacity—shaped partial reforms and fostered eclectic management models. It concludes that Latin America’s public management evolution is moving toward a hybrid paradigm that integrates efficiency, equity, and democratic participation, reflecting both global influences and regional specificities.