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Social And Economic Inequality In Latin America

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Historic legacies of social and economic inequality
In recent years, social and economic inequality in Latin America has dropped in comparing to the rest of developing nations. However, the region remains one of the most unequally in the world. If we want to understand the key drivers for inequality, it is important to visit the consequence of European colonization in the region. As Europeans conquered in Latin America and settled in area, their presence had great impact on the native people who were living in the land for thousand of years. According to the Ronaldo Munck, “ between mid-nineteenth century to 1930s almost eight millions of Europeans settled in Latin America” (Munck, 2012, p. 25).
The colonies were started as part of the expansion of the European capitalistic production following the Industrial Revolution and this impacted the region even when they gained their independence. The European powers forced the native people to develop monocultures industries and selling unprofitably their production to dominant countries. The legacies of colonial rules and practices are generally responsible for the underdevelopment of Latin America and many part of developing world. “colonial America was made to serve europe’s …show more content…

As Mucnk notes “independence did not provide the Latin American nations with much more independent economic policy than they had in colonial time” (Munck, 2012, p. 40). Deep and persistent social inequalities have distorted the nature of economic growth in Latin America. In many part of the development world and especially in Latin America the growth of urban centers led to poverty concentration. Today there are hundred million of people living with less than dollar per day. In may part of the region specially rural areas, lack of education, inadequate health care centers and lack of food are the major

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