LATIN AMERICAN PHILANTHROPY

The leadership in Latin America has not developed a culture of philanthropy. The wealthy have always been a small minority, and the gap between them and the next economic class is aggravated by political instability, insecurity, and avarice. In the end, out of fear, there is a marked tendency to send money out of the country. It is no small irony that cash flows out of the region are often by the very wealthy, and that inflows to the region are remittances from the poor sending money home.

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