Live Chart: Latin America's poverty reduction
Slicing the cake Latin America's progress in reducing poverty is starting to slow. For more video content from The Economist visit our website: http://econ.s...
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Martin D. ColeAdvances in poverty reduction in Latin America over the last decade and a half have been remarkable. With a $4 a day poverty line, the region’s populaAdvances in poverty reduction in Latin America over the last decade and a half have been remarkable. With a $4 a day poverty line, the region’s population living in poverty fell from 45 to 25 percent between 2000 and 2014; and with a stricter poverty line—$2.5 per day—from 28 to 14 percent. Three more facts show the depth of this improvement. First, with some variation, poverty fell in every country in the region; second, poverty did not increase between 2008 and 2010, the critical years of the global financial crisis; and third, despite a substantial deceleration in the region’s growth rate since 2011, poverty has not increased either. More ...