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Divergent and unequal development in Latin America: causes and policy challenges

Chapter

Divergent and unequal development in Latin America: causes and policy challenges

DOI link for Divergent and unequal development in Latin America: causes and policy challenges

Divergent and unequal development in Latin America: causes and policy challenges book

Divergent and unequal development in Latin America: causes and policy challenges

DOI link for Divergent and unequal development in Latin America: causes and policy challenges

Divergent and unequal development in Latin America: causes and policy challenges book

ByCarlos A. Mendez-Guerra
BookGlobalization and Development Volume III

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Edition 1st Edition
First Published 2015
Imprint Routledge
Pages 22
eBook ISBN 9781315678344

ABSTRACT

Within the next decade most Latin American countries1 will be celebrating 200 years of colonial independence. In spite of being favored by productive land, diverse natural resources, and a favorable land-to-labor ratio, the long-run socioeconomic performance of the region has been disappointing. From a comparative perspective, Latin America today is one of the most unequal and economically unstable regions in the world. Historically, economic growth in Latin America has been interrupted by recurrent macroeconomic crises and long stagnation episodes. Also, these shocks have further deteriorated the already high level of inequality that has characterized the region since its independence.

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