Mexico has one of the highest rates of inequality among developed countries, according to the Organization for Economic Cooperation and Development, with the richest 1 percent of the population owning almost half of the country’s wealth. In an email interview, Patricio Solís discusses income inequality in Mexico.
Amid U.S. President-elect Donald Trump’s threats on trade and immigration with Mexico, deeply unpopular Mexican President Enrique Pena Nieto faces social unrest and a potential recession ahead of a presidential election in 2018, when another populist underdog will look to capitalize on public anger.
Resource booms and busts are a sad reality for most commodity-based developing countries, and Trinidad and Tobago is no exception. The wealthiest of the Caribbean economies, thanks to its oil and gas resources, is currently mired in a severe recession after the collapse of world oil prices.