South America is eradicating hunger

The Economist reports that South America is making significant progress in eradicating hunger, attributing the success to prudent central bank policies and targeted government handouts. The article highlights improvements in Brazil's poorest areas, such as the Guamá favela in Belém, where residents now afford steak and shrimp. It contrasts this with previous years of widespread food insecurity. The piece credits inflation control by central banks and well-designed social programs for boosting purchasing power and reducing poverty. The analysis suggests that savvy economic management, rather than populist spending, is driving the region's rapid improvement in food security and living standards.