Asunción's Paradox: Modern High-Rises Amidst Urban Chaos
2025-06-25
A recent visit to Asunción, Paraguay, revealed a striking lack of aesthetic coherence. Modern high-rises stand juxtaposed with dilapidated buildings, reflecting Paraguay's low government spending (19% of GDP) and high informal employment (62-67%). Unique tax regulations attract foreign investors, fueling a real estate boom that largely bypasses the local middle class. The author explores the complex interplay of economic policies, historical context, and social factors shaping Asunción's unique urban landscape.
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