Latin America’s flirtation with neoliberal economic restructuring in the 1980s and 1990s (the so-called Washington Consensus strategy) had the effect of increasing income inequality throughout the region. The aim of this economic policy was in part to create the conditions for stable democracy by ensuring efficient economic use of resources, both human and capital, but the widening gap between rich and poor threatened to undermine political stability. At the heart of the dilemma faced...
