In the last 25 years, Venezuela has walked the path from a democratic to an authoritarian state. Having been one of the richest countries in Latin America in 1998, Venezuela is now among the poorest countries in the region with 95.5% of its population below the poverty line. Can the new reforms save the Venezuelan economy and alleviate the… [Read more]
Tag: poverty
The Strugglers in Developing Countries: Reconciling Expectations and Aspirations
Millions of people in the developing world have left poverty and joined what could be called the middle class. But the majority of households in the world are still vulnerable to falling back into poverty.… [Read more]