Category: Central America
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Latin America’s income inequality falling, says World Bank
Guardian: Latin America's income inequality falling, says World Bank Region now has as many middle class people as those who are poor thanks to rapid growth in incomes, study reveals. Income inequality is falling in Latin America even as it rises elsewhere in the world, according to a World Bank study that encourages government intervention…
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Honduras Sets Stage for 3 Privately Run Cities
ABC News: Honduras Sets Stage for 3 Privately Run Cities Investors can begin construction in six months on three privately run cities in Honduras that will have their own police, laws, government and tax systems now that the government has signed a memorandum of agreement approving the project. An international group of investors and government…
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In 2005-2008, Poverty has fallen in all regions of the world
The Economist: Now for the good news Poverty has fallen in all regions of the world THE past four years have seen an economic crisis coincide with a food-price spike. That must surely have boosted the number of the world’s poor (especially since food inflation hits the poor hardest)—right? Wrong. New estimates of the numbers…
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Latin America’s middle class grows, but with a tenuous grasp on status
Christian Science Monitor: Latin America's middle class grows, but with a tenuous grasp on status Although 56 million households have joined Latin America's middle class, many lack the benefits and job security to ensure stability. With a regular salary as a beauty salon manager, Edgar Ladino supports his two children, leases a compact car, and…
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Does culture affect long-run growth?
Vox: Does culture affect long-run growth? Does culture affect long-run growth? This column argues that countries with a more individualist culture have enjoyed higher long-run growth than countries with a more collectivist culture. Individualist culture attaches social status rewards to personal achievements and thus provides not only monetary incentives for innovation but also social status…
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Latin America – So near and yet so far
The Economist: Latin America – So near and yet so far … As Latin America marks the bicentenary of the start of its struggle for political independence, many of its constituent countries have more recent cause for celebration too. The five years to 2008 were Latin America’s best since the 1960s, with economic growth averaging…