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¶ … poverty in Latin America. Latin America has always been in poverty and although there have been some ups and downs, the poverty level remains great. First, we will discuss the region that is known as Latin America, the determining factors of poverty, the statistics and history of the poverty in Latin America and the future of the poverty in Latin America.
Latin America refers to the areas of America in which the Spanish or Portuguese languages prevail. These areas include Mexico, most of Central and South America, Cuba, Dominican Republic, Puerto Rico and Brazil. Latin America can be subdivided into different regions, such as North America, South America, Central America and the Caribbean. (Wikipedia, Retrieved 2012).
Latin America consists of many different ethnic backgrounds and races. It is one of the most diverse regions in the world. Some of the predominant races/backgrounds include European-Amerindians (Mestizo), Amerindians, European, Mulatto, Black, Asian and Zambo (mixed Black and Amerindian).
Latin America continues to be challenged by inequality and poverty. Poverty is defined as, "the state of one who lacks a usual or socially...
According to the World Bank, nearly 25% of the population of Latin America lives on less than $2.00 a day. At least 182 million people are living in poverty in Latin America and at least 68 million people are living in extreme poverty. Poverty is defined as living on less than $2.15 per person per day and extreme poverty as living on less than $1.08 per person per day.
"The poverty rate in Latin America was halved from 60% in 1950 to less than 30% in 2000. However, during the same time period income inequality remained more or less the same, making both poverty reduction and economic growth more difficult; as in other countries with a wide income gap -- even developed ones -- the challenge is to increase the incomes of the lower economic groups at a faster rate than those of the wealthier groups. In reality, economic growth rarely works this way. Latin American income inequality is drastic: the average annual per capita income is $4,000, but the region is home to many millionaires and billionaires. The fourth richest person in the world, Carlos Slim, whose worth was estimated…
References
Latin America. (2010, June 7). In Wikipedia, The Free Encyclopedia. Retrieved June 12, 2012, from http://en.wikipedia.org/w/index.php?title=Latin_America&oldid=366711869
Poverty. (2010). In Merriam-Webster Online Dictionary. Retrieved June 12, 2012, from http://www.merriam-webster.com/dictionary/poverty
Poverty in the Developing World -- Latin America and the Caribbean, (2010). Retrieved June 12, 2012, from http://www.libraryindex.com/pages/2676/Poverty-in-Developing-World-LATIN-AMERICA-CARIBBEAN.html
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Latin America Both social and financial inequality has been a contentious issue within society for decades. Poverty, particularly in Latin America has been a large issue as countries become industrialized. As many Latin American countries develop, the poverty gap becomes wider. Many rallies, protests, political movements and government upheavals have been centered on the issue of inequality. Currently, the problem is exacerbated by the economic struggles of many around the world.
However, despite the severe competition, the people of Latin America still hold the traditions of the church close to their hearts and give a lot of respect to religious figures (Jean-Pierre, 1998). The relationship between the church and the government has been very closely bonded. The message coming from the religious quarters has been very finely tuned in line with the policies of the governments as well as the status
59-84). A lack of rule of law equates to lawlessness and high levels of violence and theft. In aggregate the factors of investment, fertility, schooling, and socio-political openness to new venture create statistically significant differences in economic performance between the regions. What De Gregorio (et. al.) also found was Latin American nations are continually coming in and out of economic crises, which makes their banking system, money supply and balance-of-payments
At the basis for this type of illogical action on the part of the United States, according to the authors, is the American fear of communism. The authors categorize this fear within American ideology, as opposed to their economic and political ends. The authors note that American policy with regard to their political and economic goals are generally sound. The same is not however true in terms of their
..) the subsequent U.S. occupation of the island tied its economy ever closed to the United States as U.S. military governors promulgated laws giving U.S. firms concessionary access to the Cuban market. By the late 1920s U.S. firms controlled 75% of the sugar industry and most of the mines, railroads, and public utilities." (Leogrande and Thomas, 2002, 325-6) The economic dependence on the United States and in particular the high degree