🙅♂️ 🔪 Who says Latin America is dangerous? Think again, as some cities outshine their US counterparts… read on ↓
One would have thought that Miami, the US capital of the Latin world, would be less dangerous than most of Latin America's major cities. However, when compared by the most common measure for how safe a city is — homicides per 100K people, Miami actually ranked worse than Buenos Aires, São Paulo, Santiago, and Mexico City in 2022. In fact, contrary to public perception, most Latin American big cities are significantly safer than many US metropolitan areas.
Now, Latin America clearly has a crime problem — seven of the ten most dangerous cities this year are in Mexico. But Mexico City, which has historically had a bad reputation for crime, has been relatively safe for over a decade.
Mexico's proximity to the USA, the city's fantastic dining scene (for instance, it's home to three of the world's top 50 restaurants according to World's 50 Best), and its reasonable cost of living have all made CDMX one of the hot cities of the moment.
Digital nomads are flocking to Mexico City, which is ranked fourth globally for remote work. This has helped it become a tech and entrepreneurship hub.
The title of tech capital of Latin America goes, undoubtedly, to São Paulo. Most of the region's unicorns and the world's most notable fintech company, Nubank, were founded there. Becoming a city as safe as Boston certainly played no small part.
But São Paulo used to have a 10x the murder rate in the early 2000s; what happened? According to an analysis by Melina Risso, program director of Instituto Igarapé (our source for homicide rates in Latin America), the most likely explanations are the city's police reform and strict controls on firearms.
Of course, progress comes with a cost and some deterrents. Rents have been steadily climbing, and gentrification is taking place. However, such economic development often outweighs the costs: safety is necessary to ensure the billions of dollars invested and the millions of jobs created.
Senior Electrical Engineer & New-Product Developer
3moThis is highly significant work on the part of Institute for Justice … and the cities which accept IJ’s generous help. An old adage holds, “A stitch in time often saves nine.” When city leaders work proactively with the experts at IJ, they can craft regulatory environments which accomplish the good goals of government* without violating the rights of businesses and their owners — which saves everyone the cost of litigation — AND is conducive to business and job creation for the community. Everyone wins! The alternative: “leaders” to ignore IJ’s wise counsel and try to do something else. Costly litigation often ensues while businesses close and/or move taking jobs, resources, and economic activity elsewhere. Everyone loses… well, everyone except the leaders and citizens of the cities those businesses move to… cities whose leaders likely took IJ’s help. * Government has legitimate functions in regulating businesses to protect the community in multiple ways. If you’ve ever eaten at a restaurant and not gotten sick, thank a government inspector. The public has an interest in businesses operating in their communities to bring resources, create jobs, and create taxible economic activity. The trick is balance.