Since 1901, the Nobel Prize for Literature has annually honored writers who have produced "the most outstanding work in an ideal direction," in genres ranging from poetry, novels and short stories, to essays, speeches and plays. On October 7, 2010, the Swedish Academy awarded their 103rd prize to Peruvian novelist, playwright and essayist Mario Vargas Llosa, making him the first Latin American writer to win the award since Gabriel García Márquez received it in 1982.
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