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Crisis and poverty: With reference to Latin America

Author

Listed:
  • Hyevin Koo

    (The University of Manchester, Manchester, United Kingdom)

  • Jinhwan Oh

    (Ewha Womans University, Seoul, Republic of Korea)

Abstract

This study analyzes the relationship between four types of economic crises and four poverty indices in an effort to determine which type of crisis most affects the poor, and find possible solutions. This study is particularly concerned with Latin American countries in which International Monetary Fund bailout programs have failed due to repeated crises, longer lasting inflation, and most of all poverty. The results indicate an apparent worsening trend in poverty measures due to the crises. Among several types of crises, debt crisis and currency crisis play larger roles than others, particularly with the headcount poverty ratio US$3.10.

Suggested Citation

  • Hyevin Koo & Jinhwan Oh, 2019. "Crisis and poverty: With reference to Latin America," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 22(3), pages 247-257, September.
  • Handle: RePEc:sae:intare:v:22:y:2019:i:3:p:247-257
    DOI: 10.1177/2233865918822261
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    References listed on IDEAS

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