Our Perspective

      • Pulling Latin America out of the “inequality trap”

        25 May 2011

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        Urban Housing in Mexico. Photo: UNHabitat

        When we talk about development in Latin America, there are many reasons to be positive.  While the global recession left many developing countries with greater challenges in striving to reach the MDGs, Latin American and Caribbean economies have recovered more rapidly than expected reflecting the region’s economic resilience. On a different front, the region leads the world in social programmes that give financial aid to people in poverty on condition for maintaining children in school and keeping up with vaccines and medical checkups, a huge boost to reduce poverty in 18 countries in the region.  In spite of strong economic growth and advances in tackling poverty, high and persistent levels of inequality continue to be a great challenge. While the region is not the poorest in the world, it is the most unequal, as measured by the Gini coefficient. "Ten of the fifteen most unequal countries in the world are in Latin America", said Head of UNDP, Helen Clark at the Fourth Latin America Ministerial Forum on Development. "Our priority must be to take the fight against poverty even further and make inroads into reducing inequality". While economic growth is important for long-term development progress, it does not automatically translate intoRead More