Latin America’s Inequality Is Taking a Toll on Governance
The region’s lack of social mobility is stunting growth and fomenting instability, a new report shows.
CARACAS — Political unrest is posing a threat to governance and stability across Latin America—and its roots can be partly traced to extreme inequality. During most of the first two decades of this century, solid economic growth rates in Latin America and the Caribbean helped improve social indicators. However, gains have stagnated since 2015, when growth started to falter with the end of the commodity boom. The pandemic only made things worse, increasing inequality and setting poverty back to levels unseen in a decade (32.8%, according to ECLAC). This further deepened the...
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