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  • Author: Jamele Rigolini
  • Publication Date: 03-2014
  • Content Type: Journal Article
  • Journal: Americas Quarterly
  • Institution: Council of the Americas
  • Abstract: Latin America and the Caribbean is experiencing a dramatic surge of its middle class. In just a decade, the proportion of people in Latin America and the Caribbean with a daily per capita income (in purchasing power parity) between $10 and $50 a day went from around one-fifth to one-third. For the first time in history, there are as many people in the middle class as there are in moderate poverty (i.e., per capita earnings below $4 per day). This socioeconomic shift stems largely from the sustained rates of economic growth in the 2000s that in most—though not all— countries trickled down and generated higher incomes. But growth in the 2000s was not exclusive to Latin America and the Caribbean. While the industrialized world was facing a challenging decade, many emerging economies surfed past the global turbulences and continued to grow, lifting people out of poverty and feeding the ranks of their middle classes.
  • Topic: Poverty
  • Political Geography: Latin America, Caribbean
  • Author: Jose W. Fernandez
  • Publication Date: 03-2014
  • Content Type: Journal Article
  • Journal: Americas Quarterly
  • Institution: Council of the Americas
  • Abstract: United States-Latin American relations have often suffered from a disconnect. While we stress security issues, the region's leaders speak of poverty reduction and trade. They resent being seen as afterthoughts to U.S. policies focused elsewhere. As a result, the region is sporadically open to new suitors, such as Spanish investors 15 years ago, or the Chinese today.
  • Topic: Economics, Poverty
  • Political Geography: United States, China, Latin America, Spain