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Abstract

When Pope Francis wrote that “we have to say ‘thou shalt not’ to an economy of exclusion and inequality”, this new “commandment” could not find a more challenging audience than in Latin America. According to United Nations Development Program (UNPD) data, Latin America was the only region in the world that has managed to reduce the income inequality in the last decade. In this same region, alternative forms of doing business are flourishing as a result of the social, cultural and environmental engagement of old and new companies, either for the sake of their image or for their own conviction. The collaborative economy is spreading in the region, as well as concepts of creating a new business philosophy with a social goal and changing the consumerism for a simple model of life. The Pope’s message can find Latin America a ground to prosper.

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