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Latin America’s Lost Decades
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Latin America’s Lost Decades

The Toll of Inequality in the Age of COVID-19

Luis Alberto Moreno
Foreign Affairs, 2020
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8

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  • Insider's Take

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Social and economic progress in Latin America has been cyclical at best and abysmal at worst. In 2020, the rapid onset of the coronavirus pandemic caused a disproportionately large share of deaths and financial setbacks among the working class, affirming staggering inequality. In this balanced insider review of the region’s prospects, diplomat Luis Alberto Moreno assesses what Latin America has experienced so far and what its leaders need to do to return the region to socioeconomic health.

Take-Aways

  • Latin America is home to only 8% of the global population, but it has experienced one-third of all deaths attributable to COVID-19. 
  • Chronic inequality lies at the root of the pandemic in Latin America.
  • Latin American leaders in government and business must make a concerted effort to break the region’s cycle of economic inequity.

About the Author

Colombia’s ambassador to the United States from 1998 to 2005, Luis Alberto Moreno led the Inter-American Development Bank from 2005 to 2020.

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