Politics, Business & Culture in the Americas
 

Profits and the Poor

Can the private sector fight poverty and still make money? Social initiatives have become increasingly attractive to companies around the world who believe that pursuing strategies that empower low-income groups and impoverished communities is also smart business. In Latin America, that argument has become the focus of debate among scholars and anti-poverty activists who question whether integrating low-income groups in the global or national economy through markets—“democratizing the economy,” as the development economist C. K.

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