Shaking Up Economic Progress
The Latin America and Caribbean region has achieved remarkable economic and social progress over the last decade, gradually shifting toward middle-income status. Economic growth reached an average annual rate of 3.2 percent over 2000–14, noticeably...
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| Format: | Working Paper |
| Language: | English Spanish |
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Washington, DC: World Bank
2017
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| Online Access: | http://documents.worldbank.org/curated/en/771491511793184415/Shaking-up-economic-progress-aggregate-shocks-in-Latin-America-and-the-Caribbean http://hdl.handle.net/10986/28892 |
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okr-10986-288922021-05-25T10:54:40Z Shaking Up Economic Progress Baez, Javier E. Fuchs, Alan Rodriguez-Castelan, Carlos The Latin America and Caribbean region has achieved remarkable economic and social progress over the last decade, gradually shifting toward middle-income status. Economic growth reached an average annual rate of 3.2 percent over 2000–14, noticeably higher than in previous decades. This favorable context contributed to significant poverty reduction and expansion of the middle class. The proportion of the region's 600 million people living in extreme poverty, defined in the region as life on less than 2.50 dollars a day, was cut in half between 2003 and 2012, to 12.3 percent. Similarly, the share of Latin Americans living in moderate poverty, corresponding to living on less than 4.00 dollars a day, fell from 41.1 percent to 25.3 percent. Since 2011, there have been more Latin Americans in the middle class than in poverty, and the middle class is projected to become the largest group in the region (World Bank 2014a). The gains attained span other areas of human development such as increased access to basic services and lower child and maternal mortality. 2017-11-27T16:12:14Z 2017-11-27T16:12:14Z 2017-11 http://documents.worldbank.org/curated/en/771491511793184415/Shaking-up-economic-progress-aggregate-shocks-in-Latin-America-and-the-Caribbean http://hdl.handle.net/10986/28892 English Spanish CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Working Paper Publications & Research Latin America & Caribbean |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English Spanish |
| geographic_facet |
Latin America & Caribbean |
| description |
The Latin America and Caribbean
region has achieved remarkable economic and social progress
over the last decade, gradually shifting toward
middle-income status. Economic growth reached an average
annual rate of 3.2 percent over 2000–14, noticeably higher
than in previous decades. This favorable context contributed
to significant poverty reduction and expansion of the middle
class. The proportion of the region's 600 million
people living in extreme poverty, defined in the region as
life on less than 2.50 dollars a day, was cut in half
between 2003 and 2012, to 12.3 percent. Similarly, the share
of Latin Americans living in moderate poverty, corresponding
to living on less than 4.00 dollars a day, fell from 41.1
percent to 25.3 percent. Since 2011, there have been more
Latin Americans in the middle class than in poverty, and the
middle class is projected to become the largest group in the
region (World Bank 2014a). The gains attained span other
areas of human development such as increased access to basic
services and lower child and maternal mortality. |
| format |
Publications & Research :: Working Paper |
| author |
Baez, Javier E. Fuchs, Alan Rodriguez-Castelan, Carlos |
| spellingShingle |
Baez, Javier E. Fuchs, Alan Rodriguez-Castelan, Carlos Shaking Up Economic Progress |
| author_facet |
Baez, Javier E. Fuchs, Alan Rodriguez-Castelan, Carlos |
| author_sort |
Baez, Javier E. |
| title |
Shaking Up Economic Progress |
| title_short |
Shaking Up Economic Progress |
| title_full |
Shaking Up Economic Progress |
| title_fullStr |
Shaking Up Economic Progress |
| title_full_unstemmed |
Shaking Up Economic Progress |
| title_sort |
shaking up economic progress |
| publisher |
Washington, DC: World Bank |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/771491511793184415/Shaking-up-economic-progress-aggregate-shocks-in-Latin-America-and-the-Caribbean http://hdl.handle.net/10986/28892 |
| _version_ |
1764467964318318592 |