*Economics and International Business Student at Universidad EAFIT, Colombia.
For the last couple of decades the world has seen Latin American economies, such as Mexico, Chile, Brazil, Panama and Costa Rica, emerge not only trough a major involvement in global trade, but also in the establishment of a national industry, what under a superficial judgment would be considered as an increase on the entire population’s welfare.
World Bank (2013). Cae la desigualdad en América Latina, aunque persisten desafíos para lograr una prosperidad compartida. Available online at: http://www.bancomundial.org/es/news/feature/2013/06/14/latin-america-inequality-shared-prosperity
Prebisch, Raul(1981). Raul Prebisch on Latin American Development. Available online at:http://www.jstor.org/stable/1972587 .