Mexico education

By Martina Guglielmone

The dysfunctionality of the Mexican educational system has been disproportionately widening the general wealth gap in the country, negatively impacting not only the lives of poorer individuals and families, but the progress of the country as a whole. Education is the fundamental base of any functional democratic society. There is overwhelming evidence proving that social conditions across the board are improved when the residents of any given community are better educated. For example, reports suggest that better education leads to higher voter turnout rates, lower levels of poverty and homelessness, and overall, higher standards of health and wellness due to a general awareness as well as access to well-rounded health care. Additionally, there is evidence to suggest that with greater education, crime rates of all kinds are reduced, consequentially decreasing incarceration and marginalization rates.

Harvard University professor Ronald Ferguson, addressing the education gap, says that “we look at inequality in access to particular careers, inequality in income and wealth, inequality in the nature of political participation. All those things are mitigated by equalizing the skills that education produces. Not only the academic skills, but the dispositions, the frames of minds, the consciousness, the diligence, the sense of agency.” Simply put, the more educated a society is on average, the better it performs overall. Latin America, as the region with the highest levels of inequality in the world, is rapidly falling further behind other regions in education quality as well. More specifically, Mexico has the highest education inequality rate in the region, which as a consequence is producing broader inequality in wealth and presenting its leadership with a series of developmental obstacles of utmost complexity.

KONICA MINOLTA DIGITAL CAMERA

By Madeline Asta

Venezuela began exporting oil in the beginning of the 20th century, and since then has built its economy on the revenue from its oil exports. Supported by its vast oil reserves, Venezuela rose to the position of the richest country in Latin America in 1970, but its economy was vulnerable to fluctuating oil prices. In the 1980s and 1990s, Venezuela sat on 60 billion barrels of oil. By 2010, it had 297 billion barrels in reserve, making it the country with the world’s largest crude oil reserves. However, when oil prices fell in the 1980s, Venezuela’s economy suffered greatly, due to 90 percent of its export revenue consisting of oil exports. When Hugo Chavez came into power in 1991, he brought with him a socialist revolution. To restore economic development, Chavez nationalized the country’s oil, healthcare, and food industries. He used oil export revenue to fund social programs as well as food subsidies for the poor, and supplied essential goods at low prices by importing them. Combined with high international oil prices during that period, Chavez’s economic system functioned well.