ECONOMIC GROWTH, POVERTY AND SOCIAL INEQUALITY IN LATIN AMERICAN COUNTRIES. PART I

Abstract

Economic growth is one of the main indicators for assessing a country’s economic situation, the effectiveness of government policy, institutional structure, and resource efficiency. It is the basis for increasing the standard of living of the population, developing infrastructure and human capital. Today, developing countries in the global economy are becoming equal players with the former metropolitan areas. That is why today a new theory of economic growth is required, which will allow developing countries to achieve economic prosperity and victory over poverty and social injustice.