End the Credit Squeeze on Latin America’s Poor
by
María Otero
"The U.S. can smooth the way to broader financial access by easing its enforcement of stringent 'know-your-customer' rules."
Over the past two decades, democracy has taken hold in the vast majority of Latin American countries. Notwithstanding an anti-market backlash led by Venezuela, the region as a whole has benefited from stable economic policies and improved growth rates. Yet these gains remain imperiled by persistent poverty and income inequality.
According to a May 2008 report from the Council on Foreign Relations (CFR) Task Force on U.S.-Latin American relations, to which I contributed as the president and CEO of ACCION International, economic growth in
The
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Thank you for the share
Thank you for the share, really appreciate the heads up, you have been doing some great work, just keep it up.
I recently came across your blog
I recently came across your blog and have been reading along. I don't know what to say except that I have enjoyed reading. Nice blog.I will keep visiting this blog very often.
Mini Credit
Indeed, there are some people who promote the mini credits! People can loan a little money to start a little store or company. In dutch its called "bank lenen".
Truly substantial for every
Truly substantial for every reader. Thanks for the post!
national debt
These are startling figures on the poor, rising from 136 million to 200 million. This is not good. It should be going the other way. I think it is now time to remove the national debt of these countries and give them a chance to get back on their feet.
Let's just hope that things
Let's just hope that things will change now that we know there is a poverty problem. These people need a functional economic program backed by easiness in accessing financial products and investments.
Over the past two decades,
Over the past two decades, democracy has taken hold in the vast majority of Latin American countries. Notwithstanding an anti-market backlash led by Venezuela
Action is needed more
No good is gained in presenting numbers when nothing is done to make the alarming numbers go down. People have become so used to being poor that when good things happen, they treat them as temporary and even have this feeling that they don't deserve it.
Great post! Thanks for the
Great post! Thanks for the information, Jack
The CFR report, citing
The CFR report, citing figures provided by the World Bank and World Economic Forum, noted that Latin America’s combined economies grew a scant 2.1 percent between 1995 and 2005.
Just Latin America? How about
Just Latin America? How about another continent? Africa, Asia, Australia, perhaps? US have no interest? I doubt so.
y all the talk about latin
y all the talk about latin america.What about africa.Why no body talks about Africa.
Though there is a very large
Though there is a very large income for these Latin American countries like Venezuela via oil trading, still there are lots of poor people due to bad economic policies.
The region as a whole has
The region as a whole has benefited from stable economic policies and improved growth rates. Yet these gains remain imperiled by persistent poverty and income inequality.
It's excellent news that democracy is spreading
Fantastic news that democracy is spreading - tough break on the slow growth rates of the latin economies though. While I hope that Barack does what he can to improve these foreign economies, he has plenty of other things on his plate.
President Obama and his
President Obama and his administration to overhaul the financial regulatory domain is stunning. It was equal parts common sense, politics as usual and forward thinking.
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a whole has benefited from stable economic policies and improved growth rates. Yet these gains remain imperiled by persistent poverty and income inequality.
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Yet these gains remain
Yet these gains remain imperiled by persistent poverty and income inequality. Notwithstanding an anti-market backlash led by Venezuela, the region as a whole has benefited from stable economic policies and improved growth rates. Yet these gains remain imperiled by persistent poverty and income inequality. Ethical concept in the securities industry holding that when recommending a financial transaction a broker should have reasonable grounds for believing the recommendation suits the customer's financial situation and needs.
According to a May 2008
According to a May 2008 report from the Council on Foreign Relations (CFR) Task Force on U.S.-Latin American relations, to which I contributed as the president and CEO of ACCION International, economic growth in Latin America has lagged behind that of other developing regions.
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Neoliberal policies,
Neoliberal policies, including NAFTA, have not worked well for most of Latin America since they began to be imposed or adopted during the “lost decade” of the ’80s. During that time Latin American countries, saddled with a massive foreign debt, averaged annual economic decline of eight-tenths of a percent per year, compared with average growth of 2.9 percent a year from 1960 to 1980. And starting in 1990, a boom decade in the United States, Latin American economies grew only an average of 1.6 percent a year. During even that period of growth, inequality and poverty in Latin America remained extremely high or got worse. Many citizens have online cash advance and other problems.
Yet these gains remain
Yet these gains remain imperiled by persistent poverty and income inequality.
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where is the solution?
So, what's your solution for that? We often just said about this and that, criticize this and that without giving any solutions about it. The problem is bigger than just poverty and income inequality.
Over the past two decades,
Over the past two decades, democracy has taken hold in the vast majority of Latin American countries. Notwithstanding an anti-market backlash led by Venezuela, the region as a whole has benefited from stable economic policies and improved growth rates. Yet these gains remain imperiled by persistent poverty and income inequality.
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The regional poverty rate,
The regional poverty rate, now 37 percent, has barely budged in a quarter century.
re:
American relations, to which I contributed as the president and CEO of ACCION International, economic growth in Latin America has lagged behind that of other developing regions.
Re:
Ethical concept in the securities industry holding that when recommending a financial transaction a broker should have reasonable grounds for believing the recommendation suits the customer's financial situation and needs. Customers opening accounts at brokerage firms must supply financial information that satisfies the know-your-customer requirement for routine purposes.
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Re
Yet these gains remain imperiled by persistent poverty and income inequality. Notwithstanding an anti-market backlash led by Venezuela, the region as a whole has benefited from stable economic policies and improved growth rates. Yet these gains remain imperiled by persistent poverty and income inequality. Ethical concept in the securities industry holding that when recommending a financial transaction a broker should have reasonable grounds for believing the recommendation suits the customer's financial situation and needs.