Reducing poverty in Latin America and the Caribbean

Autores
Galiani, Sebastián
Año de publicación
2009
Idioma
inglés
Tipo de recurso
documento de trabajo
Estado
versión enviada
Descripción
Poverty still is one of the central problems in Latin America and the Caribbean. As measured by international poverty lines, approximately one out of every five people in the region is poor. Consequently, the elimination of poverty continues to be one of the main challenges facing the region and remains at the top of its policy agenda. Clearly, one way to reduce absolute poverty is by stimulating economic growth. In reality, it is unlikely that poverty can be reduced by any significant degree without persistent economic growth. Ultimately, an economy that grows on a sustained basis is an economy in which wages will be rising, thereby lifting households out of poverty. In Latin America, Chile is an impressive success story in terms of poverty reduction. Between 1987 and 1998, real per capita income increased at an annual rate of 5.7% while the poverty rate dropped by 60%. Even though growth is fundamental in the battle against poverty, it is unlikely to be enough, even when growth is very rapid. This is especially true in the presence of high levels of inequality such as those existing in Latin America (Besley and Burgess, 2003). Cost-effective redistribution is also needed to succeed in eliminating poverty.
Centro de Estudios Distributivos, Laborales y Sociales (CEDLAS)
Materia
Economía
América Latina
pobreza
Región del Caribe
desarrollo económico
desarrollo social
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/3647

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spelling Reducing poverty in Latin America and the CaribbeanGaliani, SebastiánEconomíaAmérica LatinapobrezaRegión del Caribedesarrollo económicodesarrollo socialPoverty still is one of the central problems in Latin America and the Caribbean. As measured by international poverty lines, approximately one out of every five people in the region is poor. Consequently, the elimination of poverty continues to be one of the main challenges facing the region and remains at the top of its policy agenda. Clearly, one way to reduce absolute poverty is by stimulating economic growth. In reality, it is unlikely that poverty can be reduced by any significant degree without persistent economic growth. Ultimately, an economy that grows on a sustained basis is an economy in which wages will be rising, thereby lifting households out of poverty. In Latin America, Chile is an impressive success story in terms of poverty reduction. Between 1987 and 1998, real per capita income increased at an annual rate of 5.7% while the poverty rate dropped by 60%. Even though growth is fundamental in the battle against poverty, it is unlikely to be enough, even when growth is very rapid. This is especially true in the presence of high levels of inequality such as those existing in Latin America (Besley and Burgess, 2003). Cost-effective redistribution is also needed to succeed in eliminating poverty.Centro de Estudios Distributivos, Laborales y Sociales (CEDLAS)2009info:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/submittedVersionDocumento de trabajohttp://purl.org/coar/resource_type/c_8042info:ar-repo/semantics/documentoDeTrabajoapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/3647enginfo:eu-repo/semantics/altIdentifier/url/http://cedlas.econo.unlp.edu.ar/download.php?file=archivos_upload/doc_cedlas88.pdfinfo:eu-repo/semantics/altIdentifier/issn/1853-0168info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0/Creative Commons Attribution 4.0 International (CC BY 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T10:49:16Zoai:sedici.unlp.edu.ar:10915/3647Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 10:49:16.957SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Reducing poverty in Latin America and the Caribbean
title Reducing poverty in Latin America and the Caribbean
spellingShingle Reducing poverty in Latin America and the Caribbean
Galiani, Sebastián
Economía
América Latina
pobreza
Región del Caribe
desarrollo económico
desarrollo social
title_short Reducing poverty in Latin America and the Caribbean
title_full Reducing poverty in Latin America and the Caribbean
title_fullStr Reducing poverty in Latin America and the Caribbean
title_full_unstemmed Reducing poverty in Latin America and the Caribbean
title_sort Reducing poverty in Latin America and the Caribbean
dc.creator.none.fl_str_mv Galiani, Sebastián
author Galiani, Sebastián
author_facet Galiani, Sebastián
author_role author
dc.subject.none.fl_str_mv Economía
América Latina
pobreza
Región del Caribe
desarrollo económico
desarrollo social
topic Economía
América Latina
pobreza
Región del Caribe
desarrollo económico
desarrollo social
dc.description.none.fl_txt_mv Poverty still is one of the central problems in Latin America and the Caribbean. As measured by international poverty lines, approximately one out of every five people in the region is poor. Consequently, the elimination of poverty continues to be one of the main challenges facing the region and remains at the top of its policy agenda. Clearly, one way to reduce absolute poverty is by stimulating economic growth. In reality, it is unlikely that poverty can be reduced by any significant degree without persistent economic growth. Ultimately, an economy that grows on a sustained basis is an economy in which wages will be rising, thereby lifting households out of poverty. In Latin America, Chile is an impressive success story in terms of poverty reduction. Between 1987 and 1998, real per capita income increased at an annual rate of 5.7% while the poverty rate dropped by 60%. Even though growth is fundamental in the battle against poverty, it is unlikely to be enough, even when growth is very rapid. This is especially true in the presence of high levels of inequality such as those existing in Latin America (Besley and Burgess, 2003). Cost-effective redistribution is also needed to succeed in eliminating poverty.
Centro de Estudios Distributivos, Laborales y Sociales (CEDLAS)
description Poverty still is one of the central problems in Latin America and the Caribbean. As measured by international poverty lines, approximately one out of every five people in the region is poor. Consequently, the elimination of poverty continues to be one of the main challenges facing the region and remains at the top of its policy agenda. Clearly, one way to reduce absolute poverty is by stimulating economic growth. In reality, it is unlikely that poverty can be reduced by any significant degree without persistent economic growth. Ultimately, an economy that grows on a sustained basis is an economy in which wages will be rising, thereby lifting households out of poverty. In Latin America, Chile is an impressive success story in terms of poverty reduction. Between 1987 and 1998, real per capita income increased at an annual rate of 5.7% while the poverty rate dropped by 60%. Even though growth is fundamental in the battle against poverty, it is unlikely to be enough, even when growth is very rapid. This is especially true in the presence of high levels of inequality such as those existing in Latin America (Besley and Burgess, 2003). Cost-effective redistribution is also needed to succeed in eliminating poverty.
publishDate 2009
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