Could this policy be the panacea Latin America was waiting for? Photo (c) Flurt 2017 Although the concept of a universal basic income (UBI) is not new, it has recently entered into the public discourse of several nations and regions across the world, including Latin America. UBI consists on a fixed money allocation granted to a person by the government without any sort of set requirements. This is a stark contrast to the more typical welfare system of conditional cash transfers , where users need to comply with a series of stipulations in order to receive the financial resources. […]
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