In response to the collapse of the Lehman Brothers investment bank in 2008, says Álvarez, a new school of economic thought was born--the socioeconomics of solidarity--that has been expanding
rapidly in Latin American and Caribbean counties as a complement to traditional schools of economic thought. He explains that it is based on cooperativism and focuses on achieving harmonious
economic development to avoid immigration from rural to urban areas and the causes of poverty, injustice, and social inequalities. Economists and business scholars explain the ideas and
processes, and describe some examples of its application. Annotation ©2016 Ringgold, Inc., Portland, OR (protoview.com)
