The report "Social Panorama of Latin America" makes clear that declines in poverty rates are directly related to the rate of growth in revenue and are not the result of distribution policies.
The recent report published by Cepal, called "Social Panorama of Latin America" highlights countries which reduced poverty levels through improved income, not redistribution of that income, as is the case of Panama, Colombia and even Uruguay, which was the country that best fought poverty between 2010 and 2014. The report explains that the general improvement in that period was mainly due to changes in average incomes.
Income from self-employment has improved in rural areas, while urban households purchasing power fell by 1.2% in June 2015.
Although the unemployment rate in Costa Rica was close to 10% in October 2015, the income from self-employment has consolidated becoming the second largest source in the country: it increased by 22.7% in June 2015 compared to same month in 2014 in rural areas and 16.1% in urban areas, according to the National Institute of Statistics and Census.
Abraham Lowenthall rediscovered the isthmus 25 ago and analyzes the changes that have occurred during that period.
In his column published in America Economia, the analyst asks us to "Imagine that your twin brother will wake up today from a 25 year coma and asks you for a report on the main changes that have occurred in Central America, what will you tell him?
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Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467