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Who is the Latin American Middle Class? Relative-Income and Multidimensional Approaches; F. Castellani, G. Parent, and J. Zenteno Gonzales 6. Daude, J.

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Melguizo 7. Casanova and H. Renck 8. Lora and J. Fajardo Gonzalez 9. Daude, H.


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Spara som favorit. It is important to note that, while the forecast is grim, Central America and Mexico could prove to be more resilient as the US recovery and subsequent trade relations may support continued growth. For South America, this could represent a decisive move towards further regional integration and a reinvigorated pro-market attitude.

Evidently, the need for new growth engines and reforms is crucial if gains for the middle class are to be maintained. As mentioned above, weak tax collection systems are a big structural problem that shed light on economic informality and the need for fiscal reform. Similarly, the expansion of safety nets and job creation through SMEs could prove to be successful tools to insulate the middle class from falling back into poverty.

Having said this, a genuine long-term strategy for strengthening the regional middle class requires a genuine commitment to long-term policies beyond presidential tenures and populist promises — something Latin America has long struggled with.

What is next for Latin America’s middle class?

All in all, a strong middle class within Latin America would represent not only reflection development progress, but political and economic opportunity at the macro, governance-level. Such a development could act as buffer against radical and populist political views, while also helping the region become an attractive market for investment.

While challenges and opportunities remain in Latin America, the landscape looks difficult for both the winners and losers of the previous decade. Gabriela Lecaro currently works in research in the non-profit sector and has previously worked in various independent consulting and academic projects.

Latin America’s Middle Class | Council on Foreign Relations

Her research specializes in Latin America, particularly in trade policy, macroeconomic trends and development issues. Categories: Economics , Latin America. Why the U. S economy may surprise in the medium term. Reasons a currency war could still be on the horizon.


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Latin American Research Review

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