This book provides insight into the historical background of Latin America and the Caribbean, focusing on the impacts of conquest, colonialism, and dictatorships, to examine the current state of institutions, organizations, and businesses to emphasize the critical need of social enterprises in fostering human and sustainable development. It explores how social accountability facilitates co-creation of value at both micro and macro levels, thereby, impacting regional and, ultimately, global growth and development. Addressing the root causes for the region lagging behind in growth and development, this volume proposes a model to plan strategically for the co-creation of added value, aimed at enhancing  the well-being of current and future generations. Aimed at scholars interested in the effects of shared responsibility in social enterprise dynamics, this book offers an understanding of the origins of social issues in Latin America and the Caribbean and creates a path for four different groups of stakeholders to take action.