Sebastian Galiani is an associate professor at Washington University in St. Louis.
Project Syndicate needs your help to provide readers everywhere equal access to the ideas and debates shaping their lives.
Even if Latin America's policy makers were successful in creating an environment that better promotes rapid economic growth, widespread poverty would persist. Given the high level of income inequality… read more
Email Receive our Sunday newsletterA weekly collection of our most discussed columns Receive our PS On Point newsletterStay informed of the world's leading opinions on global issues
Thank you for subscribing to our newsletter.
Why not register an account with us, too? You'll be able to follow individual authors (to receive notifications whenever they publish new articles) and subscribe to more specific, topic-based newsletters.
We've noticed that there's an account connected to your email address. Login and go to your settings page if you'd like to manage your newsletter subscriptions or follow individual authors.