Fiscal Policy & the Poor in Latin America
Good fiscal policy not only promotes macroeconomic stability and growth, it is also a powerful tool for directly reducing poverty and inequality.
Good fiscal policy not only promotes macroeconomic stability and growth, it is also a powerful tool for directly reducing poverty and inequality.
Even before a massive earthquake transformed much of the capital city of Port-au-Prince into rubble, Haitians were already bound together by the shared trauma of collective memory.
Since achieving independence in 1804 to become the world’s first free black state, Haiti has been beset by turbulent, often violent, politics and a gradual but seemingly unstoppable slide from austerity to poverty to misery.
Washington’s economic and political reform agenda isn’t wrong. It’s just too narrowly conceived. To work, it must address Latin America’s pernicious and pervasive inequality and racism.