Poverty reduction remains one of the main challenges for Latin America at the end of the 20th century. We argue that poverty in Latin America or at least the 'excess poverty' given the level of income in the region, is a problem caused mainly by high inequality. But, income inequality in the...

Poverty reduction remains one of the main challenges for Latin America at the end of the 20th century. Most of the countries in the region are classified as middle income by international standards, and yet they register poverty rates well above what would be expected given their GDP per capita....