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Among the many countries that have undergone transitions to democracy in recent decades, only Russia is as important to the United States and the world as Brazil. Theoretically, the author argues that most party systems in the third wave of democratization have distinctive features that require us to reformulate theories about party systems generally. Empirically, the author studies the Brazilian party system and democratization. He reaffirms the central significance of parties in the face of widespread skepticism about their importance.