The Politics of Poverty: South America’s Conditional Cash Transfers

Over the past decade, Latin America has generally performed very well. Regional economic growth has been fairly robust, averaging 5.5 percent from 2003-2008 and bouncing back from the global downturn better than most experts anticipated. Politically, several countries have made important democratic strides, with Brazil and Mexico standing out. And in contrast to the wave of market reforms in the 1990s, when the Washington Consensus held sway, governments have sought to complement pragmatic approaches to economic growth with an increased emphasis on the social agenda and the inclusion of marginalized groups. Sound policymaking and deepening concern with social disparities have […]