Poverty in Latin America Essay

This paper lead discuss the mendicancy in Latin the States. Latin America has always been in poverty and although there energize been some ups and downs, the poverty level remains great. First, we will discuss the realm that is known as Latin America, the determining factors of poverty, the statistics and history of the poverty in Latin America and the future of the poverty in Latin America. Latin America refers to the aras of America in which the Spanish or Portuguese languages prevail.These aras accept Mexico, most of Central and southward America, Cuba, Dominican Republic, Puerto Rico and Brazil. Latin America can be subdivided into different regions, such as North America, South America, Central America and the Caribbean. (Wikipedia, Retrieved 2010). Latin America consists of many different pagan backgrounds and races. It is one of the most diverse regions in the world. Some of the predominant races/backgrounds take European-Amerindians (Mestizo), Amerindians, European, Mulatto, Black, Asian and Zambo (mixed Black and Amerindian).Latin America continues to be challenged by variation and poverty. Poverty is defined as, the state of one who lacks a usual or socially acceptable amount of money or material possessions. (Merriam-Webster, Retrieved 2010). jibe to the World Bank, nearly 25% of the population of Latin America lives on slight than $2. 00 a day. At least 182 million throng are life-time in poverty in Latin America and at least 68 million people are living in extreme poverty. Poverty is defined as living on less(prenominal) than $2.15 per person per day and extreme poverty as living on less than $1. 08 per person per day. The poverty rate in Latin America was halved from 60% in 1950 to less than 30% in 2000. However, during the comparable time period in write out inequality remained more or less the same, devising both poverty reduction and economic growth more exhausting as in other countries with a wide income gap tied(p) develope d onesthe challenge is to increase the incomes of the lower economic groups at a faster rate than those of the wealthier groups.In reality, economic growth rarely kit and boodle this way. Latin American income inequality is drastic the average annual per capita income is $4,000, yet the region is home to many millionaires and billionaires. The fourth richest person in the world, Carlos Slim, whose charge was estimated at $23. 8 billion in 2005, is Mexican. (Poverty in the Developing World, Retrieved 2010). Articles state, however, that these verse are deceiving in that rising above the official poverty rate by a few cents or even a dollar bill does not mean you are any better off.People in this situation are still impoverished and are living in a way that they are unable to provide for themselves much less their family, if any. Certain areas in Latin America are worse than others. Bolivia has the highest poverty and inequality rate. Haiti is just behind Bolivia. Following Hait i are Colombia, Paraguay, Brazil, Panama, Nicaragua, Uruguay and Mexico. Many of these countries lose responded to poverty by implementing new or modifying old social assistance programs. Social assistance programs are programs developed to assist the poor.The main aspects of the catamenia social assistance programs are (1) conditional cash transfer, which is where cash is transferred at one time into the household based on certain conditions, such as children aid school and doctor visits (2) the household (3) targeting the poorest and (4) being multidimensional in that they are able to assist many dimensions of poverty at once. The future of Latin America is vague and unknown. Latin America has consistently been impoverished exactly the percentage fluctuates. Many programs are available to the public in swan to help Latin America and the people thereof.I believe the people themselves and the entire dynamic of Latin America will urgency to throw before the poverty levels ch ange significantly. Donations and charities may help but they will only scratch the surface. The issues of Latin America are deep and need to be dug up and dealt with by the people of Latin America. In conclusion, we see that this is a current problem that is steadily being communicate and researched. Latin America needs help and resources in order to come out of poverty. They also must make changes within their own body so that the help can be well received and utilised to the fullest.