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Latin America and the Caribbean Poverty and Labor Brief, June 2013 : Shifting Gears to Accelerate Shared Prosperity in Latin America and the Caribbean
[Cambiando la velocidad para acelerar la prosperidad compartida en América Latina y el Caribe]

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Abstract

The Latin America and Caribbean (LAC) region has made laudable progress in the past fifteen years in reducing poverty, building the middle class, and promoting prosperity for all levels of society. Extreme poverty, defined in this region as life on less than $2.50 a day, has declined by half, while in 2011 for the first time in recorded history the LAC region had a larger number of people in the middle class than in poverty. Across this region of close to 600 million people, the poor have been gaining faster than the already well off. But despite these impressive achievements, about 80 million people still live in extreme poverty, half of them in Brazil and Mexico. And millions more who have risen out of poverty risk being pulled back down into it by economic shocks and severe weather brought on by climate change. This brief reviews the LAC's progress toward these objectives, outlines the continuing challenges and proposes a policy framework for keeping the region on its upward arc and picking up the speed.

Suggested Citation

  • World Bank, "undated". "Latin America and the Caribbean Poverty and Labor Brief, June 2013 : Shifting Gears to Accelerate Shared Prosperity in Latin America and the Caribbean
    [Cambiando la velocidad para acelerar la prosp
    ," World Bank Other Operational Studies 15265, The World Bank.
  • Handle: RePEc:wbk:wboper:15265
    as

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/15265/LACPovertyandLaborBriefJune2013.pdf?sequence=1
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    References listed on IDEAS

    as
    1. Rafael Rofman & Leonardo Lucchetti & Guzmán Ourens, 2010. "Pension Systems in Latin America: Concepts and Measurements of Coverage," Documentos de Trabajo (working papers) 0510, Department of Economics - dECON.
    2. Macours, Karen & Premand, Patrick & Vakis, Renos, 2012. "Transfers, diversification and household risk strategies : experimental evidence with lessons for climate change adaptation," Policy Research Working Paper Series 6053, The World Bank.
    3. Maros Ivanic & Will Martin, 2008. "Implications of higher global food prices for poverty in low-income countries-super-1," Agricultural Economics, International Association of Agricultural Economists, vol. 39(s1), pages 405-416, November.
    4. Luis López-Calva & Eduardo Ortiz-Juarez, 2014. "A vulnerability approach to the definition of the middle class," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, pages 23-47.
    5. World Bank, "undated". "On the Edge of Uncertainty : Poverty Reduction in Latin America and the Caribbean during the Great Recession and Beyond
      [Al borde de la incertidumbre : reducción de la pobreza en América Latina y e
      ," World Bank Other Operational Studies 17196, The World Bank.
    6. World Bank, 2011. "A Break with History : Fifteen Years of Inequality Reduction in Latin America," World Bank Other Operational Studies 2747, The World Bank.
    7. Ivanic, Maros & Martin, Will, 2008. "Implications of higher global food prices for poverty in low-income countries," Policy Research Working Paper Series 4594, The World Bank.
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