Poverty In Latin America

Latin America has the worst distribution of wealth in the world. The gap between rich and poor is one of the biggest, and much higher than it is in the industrialized countries or the regions of the Third World. The continent has an unclear privilege of rich people with a society in extreme poverty conditions, while in some countries the proportion of poor has stabilized, the absolute number has been growing every year. Because of corruption in the political states, lack of social interest in the population, and the negative effect of the globalization to small local businesses the distribution of wealth is uneven in Latin America.
Economies that are affected by a high level of corruption, which involves the abuse of power, are not capable …show more content…
In the past, high advantage of natural resources and Latin American poverty was explained to be because of geographical and social issues. Latin Americans were consider to be lazy, because of the high availability of resources in the tropics, leading people to easily find food and elaborate strong housing or clothing, they had no need to work as hard as some other countries in the dessert do; Now, although the lack of education and corruption creates the distribution to be unequal, it is also the conformist citizen that is not working hard to change things since most of them are satisfied with what the state has gave to them. Some citizens lend themselves to corruption for wanting to have more things in the easily possible way and many only think about their welfare without thinking of a common welfare. The main reason of poverty lies in the mentality of the people, a conformist and selfless society, although is rich in environment and the economy is growing, will always be condemned to live in deplorable poverty, a conformist society is the one that will allow the rise of injustice and corruption that will …show more content…
Most get to the conclusion that there is a non-linear relationship between corruption and economic growth, according to Heckelman and Powell. While political institutions are important, corruption is the quality of economic institutions, if economic freedom is low, corruption is more likely to aid in the growth of the economy. We cannot deny that the conformist society is making the economy go decrease, the people is not willing to work to create more jobs can activate the economy of the region, they prefer to just sit and watch television instead of demand to the government to start doing their job. However, globalization it does not have anything to do with the bad distribution of the wealth, because of globalization it is easier to rise credit and leverage as money flows easily across local and national boundaries. Setting the world economy into a virtuous cycle of income and employment growth for the