Poverty in Latin America Essay

798 Words Jul 7th, 2012 4 Pages
This paper will discuss the 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
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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 at $23.8 billion in 2005, is Mexican.” (Poverty in the Developing World, Retrieved 2010). Articles state, however, that these numbers are deceiving in that rising above the official poverty rate by a few cents or even a dollar does not mean you are any better off. People in this situation are still impoverished and are living in a way that they are unable to provide for themselves much less their family, if any.
Certain areas in Latin America are worse than others. Bolivia has the highest poverty and inequality rate. Haiti is just behind Bolivia. Following Haiti are Colombia, Paraguay, Brazil, Panama, Nicaragua, Uruguay and Mexico. Many of these countries have responded to poverty by implementing new or modifying old social assistance programs. Social assistance programs are programs developed to assist the poor. The main aspects of the current social assistance programs are (1) conditional cash transfer, which is where cash is transferred directly into the household based on certain conditions, such as children attending school and doctor visits; (2) the household; (3) targeting the poorest; and (4) being multidimensional in that they are able to assist many dimensions of poverty at once.
The future of…

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