Several Latin American countries suffer from acute income inequalities and extreme poverty. For governments, that poses a tricky question: how to lift hordes of people out of poverty? The Latin American experience shows that well-meaning government initiatives often don’t trickle down all the way to the poorest segments of society. Felipe Perez, professor at INCAE Business School, feels that the best way out of this is to rely on Bottom of the Pyramid initiatives that are seeded by the local population at the grassroots. If this were to happen, people who are part of the problem can also be part of the solution.
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