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From 1960-1980, per capita income in Latin America grew by 82% after adjusting for inflation. From 1980-2000, it grew by only 9% and for the first five years of this decade (2000-2005) growth has totaled about 4%â€. This indicates that contrary to the popular belief that globalization is benefiting the income disparities of people, it is clearly not achieving its goal in one of the largest regions of developing countries in the world...
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This indicates that contrary to the popular belief that globalization is benefiting the income disparities of people, it is clearly not achieving its goal in one of the largest regions of developing countries in the world.
Furthermore, a look at the income of the 400 highest earners in the United States shows that they make as much money in a year as the entire population of 20 African nations- more than 300 million people...
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