Social Inequality & Economic Development

In the article “The Latin American Experience”, Fukuyama lists off multiple factors that contribute to the inequality we see around the world, specifically in Latin America. As European and Asian countries continue to develop and become more equal, Latin American countries have endlessly failed in establishing equal opportunities in basic public services such as education and health. On top of social inequality lies another huge aspect which is poor economic development.

 

Why do Latin American countries have an exceptionally difficult time developing social equality and economic development? Do these issues come from derive from within the citizens or the government? The answer to these questions is that both the people and the government have an equal role in terms of development. Due to continuous failure by the government, the people are hesitant to invest into what they are trying to do. For example, if the people don’t fully commit to a reform education by the government, then it will simply fail because there isn’t a support behind it. For many years now, Latin American governments have tried to modernize institution without support, and as a result the institution fall.

 

Personally, I believe that a majority of the problems Latin American countries face are due to the lack of education they have/provide. In order to resolve those problems, the government must invest in education rather than simply increasing the education budget. Although the results of investing in education may take time, it will ultimately lead to better jobs and salaries which could both boost the economy and push the country towards social equality.

 

Poverty, income/social inequality, and lack of education are common issues we see in today’s society, which is something that needs to be addressed immediately. Fukuyama provides multiple solutions these issues, but states that it isn’t an easy process and it will take time to notice the effects. It is something that must be resolved because if these issues get worse, countries will face the possibility of become failed states.