Since 1980, the poverty rate in Latin America has fallen 30%, a third of the decline due to progressive shifts in the income distribution.1 In 2000, a quarter of the region (25 in every 100 Latin Americans) lived on less than $2.50 a day. Today, fewer than 14 in every 100 do.2 Since roughly 2002, falling income inequality is visible in the entirety of the heterogeneous region: among commodity driven economies such as Peru and manufacturing dominant ones such as Mexico. How can one explain the common outcome given the diversity of the region’s makeup?
The Brazilian Congress returns to work this week after a recess and faces news that the industrial sector has fallen yet again. Congress has been pushing the Senate to vote on tax raises on Brazilian companies in order to avoid a national credit downgrade.1 Since the industrial sector has fallen in many sectors, including automobile and informatics technology manufacturing, this push from congress is necessary in order for the country to evade a full blown economic recession.2
Every day, millions of people in the Andes use coca like people in North America use coffee; they brew the leaves in hot water to make tea; some chew on the leaves to reenergize at work. For centuries, Andean populations have cherished the health and spiritual benefits of coca. In both uses, coca acts as a mild stimulant––like coffee––that can also suppress hunger, thirst, pain, and fatigue, and even relieve symptoms of altitude sickness.
Technology is not only at the heart of modern day society, but it also shapes economies as technologies bring the world closer with information, businesses and health care, for example.
Puerto Rico has been in an economic recession for nearly 10 years, and since tax credits for manufacturers ended in 2006, employment in Puerto Rico has continued to fall as more citizens move to the mainland. In fact, in 2014, the immigration to the U.S.
On October 25, 2015 Mauricio Macri, a centre-rightist won the election and replaced Cristina Fernández de Kirchner. Mr. Macri’s victory is notable, to say the least, because he stepped into the Casa Rosada presidential palace putting an end to the Kirchner era of 12 years.
During the first years of the new century, the Brazilian economy experienced an economic growth spurt, and its society became more equal than before. It was included among the most important developing economies worldwide (the "BRICS") and was often regarded as an example to be followed. Recently, however, it seems as if it had lost its way toward development.
Recently, Venezuela's black market economy has been “booming,” or rather, has been able to supply basic goods to consumers that the government no longer supplies on a regular basis. The economic crisis in Venezuela, which has brought on shortages of food and other goods, has become normal for citizens, but recently President Nicolás Maduro declared an economic state of emergency.
En este artículo presentamos algunas claves sobre la evolución del poder económico en la Argentina en este nuevo siglo. Ello es fruto de una investigación que se vio plasmada en un artículo publicado en el último número de la revista Latin American Research Review1 y en un libro reciente (Restricción eterna. El poder económico durante el kirchnerismo, Futuro Anterior, Buenos Aires, 20142) que editamos junto a nuestro colega Alejandro Gaggero.