Latin America Is Beating Poverty

Latin America Is Beating Poverty

In sharp contrast to the gloom surrounding U.S. and European economic news, a new United Nations report has good news for Latin America: it says that poverty levels in the region have dropped to their lowest levels in 20 years, and will continue falling in 2012.

Predictably, the Nov. 29 press release from the U.N. Economic Commission for Latin America and the Caribbean (ECLAC) drew celebratory headlines throughout Latin America. Government officials in several countries cited the news to back up their assertions that, for once, Latin America is doing much better than the First World countries who until recently taught them lessons about economic management.

 

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