A paper written by the World Bank's Louise Cord, Leonardo Lucchetti, Carlos Rodríguez Castelán, Adam Ratzlaff posted on the VOX web site offers guarded optimism for Latin American and Caribbean progress on equality and growing middle classes with Argentina, Chile, Paraguay, Uruguay and Mexico leading. Their analysis, looking back as far as 1995, finds a 50% reduction in extreme poverty from 26% to 13 % by World Bank standards ($2.50 PPP/day). Gini coefficients are also showing continuous improvement for the region.The paper credits rising returns to labor for much of the progress.
However, all is not sunshine and daises. The writers warn that a substantial portion of Latin America's population remains close to the poverty line and could easily be tipped back given an economic shock or backsliding.
Click through to post here:
No comments:
Post a Comment