Poverty and Inequality in Ecuador, Brazil and Mexico after the 2008 Global Crisis

Latin America is characterized by the persistence of inequality and poverty caused partly by policies of the Washington Consensus. However, Ecuador, Brazil and Mexico have instituted different concepts of social and economic development during the 2008 global crisis. The case of Mexico is a different one as it keeps continuing neoliberal policies.

How deep is the impact of the 2008 global crisis on Ecuador, Brazil and Mexico? Although having similar experience with the policies of the Washington Consensus, Ecuador, Brazil and Mexico have established different concepts of social and economic development during the last decade. These differences could also be observed during and after the global crisis in 2008. In contrast to the social anti-neoliberal policy implemented in Ecuador and the progressive social and economic policy in Brazil, Mexico has been carrying out the policy of continued neoliberalism. One of the conclusions drawn is that Mexico faces abysmal inequalities and persistence of poverty, which are not only explicated by historical roots, but also by strong applications of neoliberal policies.

Autorentext

Lukasz Czarnecki is a Postdoctoral Fellow at the Institute of Economic Research at the National Autonomous University of Mexico and holds a PhD in Political and Social Science. He studied Law and International Relations at the Jagiellonian University of Krakow (Poland) and Management at the University of Orléans (France). Erik Balleza studied Political and Social Science at the National Autonomous University of Mexico. Mayra Sáenz studied Economics at the Latin American Faculty of Social Sciences in Quito (Ecuador) and works in the Inter-American Development Bank (IDB).

Inhalt

Contents: The 2008 Crisis in Ecuador, Brazil and Mexico Poverty and Inequality in Times of Crisis Neoliberal Policies and Countercyclical Measures in Latin America Economic and Social Implications Persistence of Inequality Economic Growth and Labor Policy Concepts of Social and Economic Development.