With few tax incentives and a tradition in many countries of social services being delivered by government and the church, the philanthropic sector in much of Latin America is a poor relation to its counterparts elsewhere. However, when it comes to social entrepreneurship and innovative market-based solutions to poverty and environmental problems, the region is fast becoming a leader.

www.ft.com/intl/cms/s/0/92741a7a-139a-11e2-9cc7-00144feabdc0.html