Friday, March 4, 2011

[EQ] Spreading the Wealth - Sustaining Latin America's Transformation

Spreading the Wealth


Finance & Development, March 2011, Vol. 48, No. 1

Alicia Bárcena, Executive Secretary of the United Nations Economic Commission for Latin America and the Caribbean ECLAC/CEPAL


Poverty and inequality have declined in Latin America in recent years, but there is a lot more to do

 

Available online at: http://bit.ly/gNAf3D

“……The years following the 2002 emerging market crisis have been good ones for Latin America. Economies grew smartly and there was a significant reduction in poverty and a slight improvement in income distribution—with only a small setback during the Great Recession that began in 2008. But even with these positive developments, poverty, inequality, and economic and social marginalization remain prevalent in many Latin American countries—which historically have had among the most skewed income distribution in the world.

 

The improvements reflect not only strong economic growth in the region, which averaged more than 4 percent during the period, but also better social policies and an increase in the number of workers toiling in the formal economy rather than the less-productive underground, so-called informal, economy, where wages and social protection are weaker…..”

 

Sustaining Latin America’s Transformation

Finance & Development, March 2011, Vol. 48, No. 1

Nicolás Eyzaguirre, Director of the IMF’s Western Hemisphere Department
http://bit.ly/dLkNWa

 

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