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.
Gaps in GDP per capita between different countries are directly related to the productivity gaps between their respective economies, with education being the main factor in these differences.
The OECD report "Promoting inclusive growth of productivity in Latin America" says that although the region made progress in reducing poverty over the past 20 years, it still stands out at the global level, because of the unequal income its inhabitants.
In Costa Rica civil servants earn on average 150% more than workers in the private sector, which contributes decisively to the growth of inequality and lowers the overall competitiveness of human resources.
In Latin America, children have far less development opportunities than kids growing up in Europe, the United States or Canada.
Chile and Uruguay are the best placed Latin American nations in the 2010 Human Opportunity Index, but they are way below the so called “first world countries”, in having the necessary conditions for human development.
The World Bank approved a new Country Assistance Strategy (CAS) for El Salvador, projecting loans up to $650 million.
The CAS for El Salvador focuses on three main objectives: reinforcing the basis for economic recovery by confronting macroeconomic and institutional vulnerabilities; improving the provision of social services and increasing economic opportunities, especially for the poor.
Honduras and Nicaragua has highest tax rates in CA
The National Consumer Rights Commission of Honduras
report states that Belize, Honduras and Nicaragua have highest tax rates in CA: 20.7%, 17.8% and 17.7% respectively.
Between one fourth and one half of income inequality observed among Latin America and the Caribbean adults is due to personal circumstances endured during childhood that fell outside of their control or responsibility.
The new Human Opportunity Index, developed by a Group of economists from the World Bank, Argentina and Brazil, shows how personal circumstances play in gaining or preventing access to those services needed for a productive life, such as running water, sanitation, electricity or basic education among children in the region. This opens up a whole new field of study dedicated to designing public policy focused on equity.
Between one fourth and one half of income inequality observed among Latin America and the Caribbean adults is due to personal circumstances endured during childhood that fell outside of their control or responsibility.
The new Human Opportunity Index, developed by a Group of economists from the World Bank, Argentina and Brazil, shows how personal circumstances play in gaining or preventing access to those services needed for a productive life, such as running water, sanitation, electricity or basic education among children in the region. This opens up a whole new field of study dedicated to designing public policy focused on equity.
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