Latin America and the Caribbean Poverty and Labor Brief, June 2013 : Shifting Gears to Accelerate Shared Prosperity in Latin America and the Caribbean

The Latin America and Caribbean (LAC) region has made laudable progress in the past fifteen years in reducing poverty, building the middle class, and promoting prosperity for all levels of society. Extreme poverty, defined in this region as life on less than $2.50 a day, has declined by half, while...

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Bibliographic Details
Main Author:	World Bank
Format:	Publication
Language:	en_US
Published:	Washington, DC 2013
Subjects:	access to goods access to markets access to sanitation access to services agricultural extension Andean region anti-poverty basic food basket basic food requirements basic sanitation capital accumulation capital inflows Caribbean Region cash transfer program cash transfer programs Changes in Poverty chronic poverty chronically poor clean water climate change consumption growth country data daily income Development Economics Development Indicators Development Report direct transfers Diversification economic contractions economic crises economic development economic growth economic shocks Economics employment income equitable access Estimates of poverty extreme poverty extreme poverty line extreme poverty lines financial crisis financial institutions financial markets food basket food price food prices food requirements Gini coefficient global economy global level Growth rate growth rates higher inequality household data household head household per capita income Household size household survey Household surveys Household Welfare housing human capital human capital levels income Income Distribution income growth income inequality Income Poverty Income Redistribution income Share income Transfers increasing inequality individual countries inequality Inequality reduction informal economy insurance international poverty lines labor force labor market living standards long run Low-Income Countries mean income Measurement of Poverty national accounts national poverty natural disaster Natural disasters negative impact Net Income non-income dimensions nutrition per capita growth persistent poverty policy makers Policy Research poor Poor Household poor households poor rural households poverty changes Poverty Dynamics Poverty Index poverty lines poverty measurement Poverty Measures poverty persistence poverty rate Poverty rates poverty reduction poverty risk public policy public sector quality of life real incomes reducing poverty regional data regional level regional poverty regional report rich countries risk management running water rural rural areas Rural poverty safety nets sanitation savings school attendance schooling social protection social safety nets social security Social Spending sub-region subregions sustainable growth transient poor unemployment urban areas vulnerable households War welfare indicator welfare indicators Welfare Measure
Online Access:	http://hdl.handle.net/10986/15265

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Summary:	The Latin America and Caribbean (LAC) region has made laudable progress in the past fifteen years in reducing poverty, building the middle class, and promoting prosperity for all levels of society. Extreme poverty, defined in this region as life on less than $2.50 a day, has declined by half, while in 2011 for the first time in recorded history the LAC region had a larger number of people in the middle class than in poverty. Across this region of close to 600 million people, the poor have been gaining faster than the already well off. But despite these impressive achievements, about 80 million people still live in extreme poverty, half of them in Brazil and Mexico. And millions more who have risen out of poverty risk being pulled back down into it by economic shocks and severe weather brought on by climate change. This brief reviews the LAC's progress toward these objectives, outlines the continuing challenges and proposes a policy framework for keeping the region on its upward arc and picking up the speed.

Latin America and the Caribbean Poverty and Labor Brief, June 2013 : Shifting Gears to Accelerate Shared Prosperity in Latin America and the Caribbean

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