Poverty, inclusion, institutions. A challenge for Latin America and the European Union

Abstract. If, in the period immediately following the Second World War, the social market economy represented the attempt to implement the theoretical principles identified and developed by the authors of “Ordo”, of the Frieburg school, we ask whether today, as well, the model of the social market economy (SME) is able to respond to the challenges coming from a political and economic context that is inevitably changed. The process of European integration owes much to those principles and attempts at implementation of the same. Much, then, has been done, but even more remains to be done and, as “each horizon calls to a new horizon”, each problem refers us to the solution of new problems. For this reason, we have pondered the new challenges that await both the pure theorists and the policy-makers who take the social market economy as their model of inspiration. For this reason, we have centered our reflection on a paradigm whose components are: poverty, inclusion, institutions.