Is Latin America’s inequality based on their lack of investment in education?

While inequality seems to be inevitable across the globe, Latin America seems to be the most unequal. Although there are several factors that contribute to Latin America’s high inequality rate, Fukuyama argues that one of the reasons why Latin America has stagnated is because they struggle to compete in an increasing multinational market. Asia, one of Latin America’s multinational competitors, is thriving due to their investment in education while Latin America struggles to keep up due to their lack of investment in education.

 

I’m curious to find out why East Asia was able to successfully invest in higher education while Latin America was not. Could it be due to the process of colonization and the extraction of their natural resources that Latin America simply did not have the money to invest in education? Or is it because their level of education is not adequate to that of the developed world?

 

Throughout Latin America, the poor and indigenous communities are the majority yet they are excluded from the region’s political agenda. Fukuyama argues that exclusion is not the problem, rather it is “the syndrome of political decay” (71). Political decay refers to the high demand that is placed on Latin America’s weak public institutions who are not able to handle it. I argue that exclusion makes more sense than political decay because high inequality emerges from the poor not having equal access to education in comparison to their elite counterparts. I also think that instituting an equal education system throughout the Americas will resolve inequality throughout the region but this will have to start with the incorporation of the lower classes into the political system because they are the ones who are the most susceptible to the effects of a poor education.