The historic 2002 United Nations Conference on Financing for Development in Monterrey, Mexico, overlooked a crucial question: regionalism. Financing Development: The Power of Regionalism is designed to correct this omission. Editors Nancy Birdsall and Liliana Rojas-Suarez call for a more open...

This paper sets out basic information on the middle class in eight Latin American countries over the last two decades. The middle class is identified as people living in households with income per capita between $10 and $50 per day, adjusted for purchasing power parity. This income-based...

Latin America is marked by high and persistent inequality in income, schooling, and land ownership. In such an unequal environment, the powerful are likely to dominate politics and push for policies that protect their privileges rather than foster competition and growth. As a result, changes in...

After a decade of economic reforms that dramatically altered the structure of economies in Latin America, making them more open and more competitive, and a decade of substantial increases in public spending on education, health and other social programs in virtually all countries, poverty and...

After a decade of economic and political reforms that dramatically altered the structure of economies in Latin America, poverty and high inequality remain deeply entrenched. Integration into the global economy in the 1990s brought increased prosperity only to a small minority of households in...

In the face of continuing development challenges in the world's poorest countries, there have been new calls throughout the donor community to increase the volume of development aid. Equal attention should be given to the reform of the aid business itself, that is, to the practices, processes,...