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Poverty and Inequality in Ecuador, Brazil and Mexico after the 2008 Global Crisis

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Lukasz Czarnecki, Erik Balleza and Mayra Saenz

How deep is the impact of the 2008 global crisis on Ecuador, Brazil and Mexico? Although having similar experience with the policies of the Washington Consensus, Ecuador, Brazil and Mexico have established different concepts of social and economic development during the last decade. These differences could also be observed during and after the global crisis in 2008. In contrast to the social anti-neoliberal policy implemented in Ecuador and the progressive social and economic policy in Brazil, Mexico has been carrying out the policy of continued neoliberalism. One of the conclusions drawn is that Mexico faces abysmal inequalities and persistence of poverty, which are not only explicated by historical roots, but also by strong applications of neoliberal policies.

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