The Politics of Latin American Poverty
Americans may wonder why taxpayer funds should be poured into a bucket as leaky as Latin America if the goal is curing underdevelopment.
Monday, August 25, 2008
The region needs secure contract and property rights. If local leaders won't defend those rights, programs like Mr. Obama's $2 billion "global education fund" won't amount to a hill of frijoles.
President Antonio Saca of El Salvador has announced measures that will cost a total of US$65.7 million. The private sector and analysts have welcomed the announcement but are wondering where the money will come from.
Despite being considered a Middle-Income Country (MIC), Guatemala’s social indicators reflect slow growth and a skewed income distribution
The 3rd Summit of the Community of Latin American and the Caribbean resulted in an expected collection of platitudes which can be summarized by everyone willing to "be rich and healthy and not poor and sick", plus a media show of diplomatic excesses.
Some of the main businesses from El Salvador will be advocating for the realization of Fomilenio II and for a deepening of the Association for Growth pact signed between the two countries two years ago.
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