Volatility and Inequality as Constraints to Shared Prosperity : Paraguay Equity Assessment

Isolated by nature, and recovering from a period of historically low growth during the eighties and nineties, Paraguay faced many economic and social challenges at the beginning of the twenty first century. By year 2000, Paraguay GDP per capita was...

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Bibliographic Details
Main Author:	World Bank Group
Other Authors:	Lopez-Calva, Luis Felipe
Format:	Other Poverty Study
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ABSOLUTE POVERTY ACCESS TO ELECTRICITY ACCESS TO GOODS ACCESS TO MARKETS ACCESS TO SERVICES ADVERSE EFFECTS AGRICULTURAL ACTIVITIES AGRICULTURAL INPUTS AGRICULTURAL INSURANCE AGRICULTURAL OUTPUT AGRICULTURAL PRACTICES AGRICULTURAL PRODUCTION AGRICULTURAL SELF-EMPLOYMENT AGRICULTURAL WAGE AGRICULTURAL WORKERS ANIMAL HUSBANDRY BASIC FOOD BASKET BASIC FOOD REQUIREMENTS BUDGET CONSTRAINTS CASH TRANSFER PROGRAMS CENTRAL BANK CHANGES IN POVERTY CHRONIC POVERTY CHRONICALLY POOR COMPARATIVE ANALYSIS CONSUMER PRICE INDEX CONSUMERS DECLINE IN POVERTY DIRECT TRANSFERS DISPOSABLE INCOME DIVERSIFICATION DROUGHT ECONOMIC GROWTH ECONOMIC PROGRESS ELASTICITY EMPLOYMENT FOR WOMEN EMPLOYMENT IN AGRICULTURE EMPLOYMENT INCOME EMPLOYMENT OPPORTUNITIES EMPLOYMENT STATUS EXTREME POVERTY EXTREME POVERTY LINE EXTREME POVERTY LINES FAMILY FARMS FAMILY INCOME FINANCIAL CRISIS FISCAL POLICIES FISCAL POLICY FOOD BASKET FOOD ITEMS FOOD PRICE FOOD PRICES FOOD REQUIREMENTS FOOD SECURITY FOOD SERVICES GDP GDP PER CAPITA GINI COEFFICIENT GOVERNMENT EXPENDITURES GROSS DOMESTIC PRODUCT GROWTH RATE HEALTH INSURANCE HIGH UNEMPLOYMENT RATES HOUSEHOLD HEAD HOUSEHOLD HEADS HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD PER CAPITA INCOME HOUSEHOLD SURVEY HOUSING IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME INCOME DISTRIBUTION INCOME FLUCTUATIONS INCOME GAINS INCOME GROWTH INCOME INEQUALITY INCOME POVERTY INCOME VOLATILITY INDICATORS OF POVERTY INEQUALITY INEQUALITY REDUCTION INTERNATIONAL POVERTY LINE IRRIGATION LIVESTOCK PRODUCTS MACROECONOMIC GROWTH MEAT NATIONAL OUTPUT PAYROLL TAXES POOR POOR FAMILIES POOR INDIVIDUALS POOR LIVING POOR PEOPLE POOR RURAL HOUSEHOLDS POVERTY ESTIMATES POVERTY INCIDENCE POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY STATUS PRICE FLUCTUATIONS PRIVATE TRANSFERS PRODUCTIVITY PROPERTY TAXES PUBLIC SPENDING PURCHASING POWER REDUCTION IN POVERTY REDUCTION OF POVERTY REGIONAL AVERAGE RISK MANAGEMENT RUNNING WATER RURAL RURAL AREA RURAL AREAS RURAL EMPLOYMENT RURAL FAMILIES RURAL HOUSEHOLDS RURAL INEQUALITY RURAL LABOR RURAL POOR RURAL POPULATION RURAL POVERTY RURAL SECTOR SANITATION SCHOOLING SELF-EMPLOYMENT SMALL BUSINESS SMALL FARMS SOCIAL POLICIES SOCIAL PROGRAMS SOCIAL SECURITY STRUCTURAL CHANGE TARGETING TAX REVENUES TAXATION TOTAL FACTOR PRODUCTIVITY TOTAL POVERTY TRANSFER PROGRAMS UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED WAGE EARNERS WAGE EMPLOYMENT WAGE PREMIUM WAGES WELFARE MEASURE
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19712382/volatility-inequality-constraints-shared-prosperity-paraguay-equity-assessment http://hdl.handle.net/10986/18945

Description
Summary:	Isolated by nature, and recovering from a period of historically low growth during the eighties and nineties, Paraguay faced many economic and social challenges at the beginning of the twenty first century. By year 2000, Paraguay GDP per capita was only 50 percent of the Latin American average and 34 percent of its MERCOSUR partners. High poverty and inequality were an inherent characteristic of the country. Yet, between 2003 and 2013, Paraguay has performed substantially well, seeing a reduction in moderate and extreme (monetary) poverty. This is essentially the result of a period of average significant growth combined with a reduction in inequality. This report explores the factors associated to the observed improvements in welfare and inequality, and investigates the challenges facing their sustainability, given the historical structural problems of Paraguay to maintain growth and improve social indicators. The underlying question is indeed whether the growth model and reduction in inequality are consistent with a positive social dynamics, taking a comprehensive definition of equity, which includes sustainable elimination of absolute poverty, enhancing equality of opportunity and strengthening agency for all groups.

Volatility and Inequality as Constraints to Shared Prosperity : Paraguay Equity Assessment

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