Here’s a bit of good news in this snapshot of income trends in Latin America, from the Economist magazine — Poverty Continues to Fall in Latin America:
Two things can be credited for this progress, says the Economist: One is Latin America’s continued growth and economic performance. The other is good social policy:
The biggest factor is the region’s strong economic performance: Latin America’s GDP expanded by 5.9% in 2010. This strong recovery meant that the 2008 recession in the region caused only a slight blip. Better-targeted social policies also help, especially cash-transfer schemes for the poor.
Poverty, especially extreme poverty, remains stuck at an average of 13 percent for the region. The magazine says continued progress will depend upon further improving economic productivity — and education.