These are not good news for the Right or Left in the USA or Europe. ..... Because these Latin Nations use a mixture of Conservative and Liberal Ideas in their Economies. They are experimenting and are somewhat eclectic ( using all tools ) to see if they can progress.
Their rate of progress is moderate and they are surviving the World Economic Crisis, however these are not the "Asian Tigers" that grew at rates of 9% or 10%. Latin nations have more moderate growths.
The Recent "Conservative" triumph in Spain's Elections does not mean that Conservatism is the Wave of the Future and that Liberalism is foolish.
The Recent "Conservative" triumph in Spain's Elections does not mean that Conservatism is the Wave of the Future and that Liberalism is foolish.
British Broadcasting Corporation BBC
United Nations economic body for Latin America
Latin America poverty level lowest in 20 years, says UN
November 30, 2011
Latin America poverty level lowest in 20 years, says UN
Some excerpts :
Poverty in Latin America is at its lowest level for 20 years, the UN's regional economic body, Eclac, says.
From 1990 to 2010, the rate fell from 48.4% to 31.4%, which means 177 million people currently live in poverty.
Eclac says the main reason for the reduction in poverty and inequality is the rise in household incomes.
But progress is hindered by the big gaps between productive and better paid sectors and work that is poorly paid and of low productivity, Eclac says.
"Poverty and inequality continue to decline in the region, which is good news, particularly in the midst of an international economic crisis," said Alicia Barcena, Eclac's executive secretary.
"However, this progress is threatened by the yawning gaps in the productive structure in the region and by the labour markets which generate employment in low-productivity sectors."
According to Eclac's report, Social Panorama of Latin America 2011, the rate of extreme poverty or indigence also fell from 22.6% to 12.3%.
The body forecasts that by the end of the year, 174 million people will be classed as living in poverty.
However, a rise in food price is set to see the indigence rate increase slightly to 12.8%.
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