Despite two decades of social policies targeting poverty and inequality, Latin America remains one of the most economically unequal regions in the world. Recurrent protests motivated by economic grievances have been a regular reminder of this reality. The ongoing health crisis caused by the coronavirus pandemic has disproportionately harmed already vulnerable populations, … [Read more...] about Can Democracy Reduce Inequality?
It is tempting to view the severe economic downturn of the Covid-19 pandemic through the same lens as other recessions that have struck Latin American and the Caribbean over the last three decades. Most of those previous events, after all, led to increases in poverty and unemployment, much as the current crisis has done. But when it comes to inequality, one of the region's most … [Read more...] about Not the Usual Recession: Why Inequality after Covid-19 May Get a Lot Worse
The last quarter of 2019 shocked Latin America with massive demonstrations on the streets of Chile, Colombia, Ecuador and other countries. Protesters had many demands, but there was a common theme: equal treatment, better opportunities for all, and a more level playing field. Why did these perfectly valid demands erupt like a volcano after two decades of progress and a … [Read more...] about Understanding Social Unrest in Latin America
Latin America and the Caribbean is the world's most unequal region, after sub-Saharan Africa, and income inequality there is getting worse as a result of the Covid-19 pandemic. Because of the expected long-term effects of the pandemic, inequality is likely to continue worsening for many years to come if the right policies are not put into place. This would be a tragedy for a … [Read more...] about Combating Inequality in the Covid-19 Era
As 2019 draws to a close, Latin America and the Caribbean faces at least four big challenges. First, growth this year is well below potential. Second, potential growth is low. Third, the region remains subject to large shocks. And fourth, despite recent gains, inequality remains high and aspirations are outstripping the meagre outlook, contributing to protests across the region … [Read more...] about Towards Inclusive Growth in Latin America and the Caribbean