Building an Equitable Society in Colombia
Colombia’s high level of inequality is a core constraint to economic growth and social progress. The country has one of the highest levels of income inequality in the world, the second highest among 18 countries in Latin America and the Caribbean (...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/686821635218586591/Main-Report http://hdl.handle.net/10986/36535 |
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okr-10986-365352021-11-11T05:11:02Z Building an Equitable Society in Colombia World Bank INEQUALITY HUMAN DEVELOPMENT LABOR MARKET PUBLIC FINANCE FISCAL POLICY POVERTY REDUCTION SUBNATIONAL GOVERNANCE CLIMATE CHANGE IMPACT VULNERABLE POPULATION CLIMATE-SMART AGRICULTURE VALUE CHAIN Colombia’s high level of inequality is a core constraint to economic growth and social progress. The country has one of the highest levels of income inequality in the world, the second highest among 18 countries in Latin America and the Caribbean (LAC), and the highest among all OECD countries. The disparities in income across adults grow from gaps that open early in life in opportunities for high-quality childhood development, education, and health care services. Inequality in access to good jobs further amplifies these gaps, making Colombia among the countries where inequalities are the most persistent across generations. Longstanding inequality across regions overlaps with the large gaps in welfare between Afro-descendants and indigenous Colombians and the rest of the population. The COVID-19 pandemic has further amplified disparities and threatens to have prolonged negative effects, but this is just one of many potential extreme shocks, including climate change, related disruptions, that could substantially widen the inequality gaps. Current tax and transfer policies at best have only a modest positive impact on these imbalances, so there is clearly ample potential to improve the redistributive role of fiscal policy in Colombia. Policy reforms across many areas could help to chart a more equitable future for the country. 2021-11-10T17:04:27Z 2021-11-10T17:04:27Z 2021-10-26 Report http://documents.worldbank.org/curated/undefined/686821635218586591/Main-Report http://hdl.handle.net/10986/36535 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Poverty Study Latin America & Caribbean Colombia |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
INEQUALITY HUMAN DEVELOPMENT LABOR MARKET PUBLIC FINANCE FISCAL POLICY POVERTY REDUCTION SUBNATIONAL GOVERNANCE CLIMATE CHANGE IMPACT VULNERABLE POPULATION CLIMATE-SMART AGRICULTURE VALUE CHAIN |
| spellingShingle |
INEQUALITY HUMAN DEVELOPMENT LABOR MARKET PUBLIC FINANCE FISCAL POLICY POVERTY REDUCTION SUBNATIONAL GOVERNANCE CLIMATE CHANGE IMPACT VULNERABLE POPULATION CLIMATE-SMART AGRICULTURE VALUE CHAIN World Bank Building an Equitable Society in Colombia |
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Latin America & Caribbean Colombia |
| description |
Colombia’s high level of inequality
is a core constraint to economic growth and social progress.
The country has one of the highest levels of income
inequality in the world, the second highest among 18
countries in Latin America and the Caribbean (LAC), and the
highest among all OECD countries. The disparities in income
across adults grow from gaps that open early in life in
opportunities for high-quality childhood development,
education, and health care services. Inequality in access to
good jobs further amplifies these gaps, making Colombia
among the countries where inequalities are the most
persistent across generations. Longstanding inequality
across regions overlaps with the large gaps in welfare
between Afro-descendants and indigenous Colombians and the
rest of the population. The COVID-19 pandemic has further
amplified disparities and threatens to have prolonged
negative effects, but this is just one of many potential
extreme shocks, including climate change, related
disruptions, that could substantially widen the inequality
gaps. Current tax and transfer policies at best have only a
modest positive impact on these imbalances, so there is
clearly ample potential to improve the redistributive role
of fiscal policy in Colombia. Policy reforms across many
areas could help to chart a more equitable future for the country. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Building an Equitable Society in Colombia |
| title_short |
Building an Equitable Society in Colombia |
| title_full |
Building an Equitable Society in Colombia |
| title_fullStr |
Building an Equitable Society in Colombia |
| title_full_unstemmed |
Building an Equitable Society in Colombia |
| title_sort |
building an equitable society in colombia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/undefined/686821635218586591/Main-Report http://hdl.handle.net/10986/36535 |
| _version_ |
1764485419452334080 |