Development challenges in Latin America
Latin America includes Mexico, Central America, South America, and the Caribbean. Latin America consist of a total of twenty-one countries and their population consist of about 604 million. Latin America faces many development challenges and this includes their economy, inequality, employment, women’s rights and equality, innovation and education, health, public insecurity, infrastructure, and environmental degradation. Latin America has not been doing so great in all these subjects and they face many challenges in their economy. Latin America itself is no longer growing at the same pace compared to a decade ago and this is due to all their development challenges and the government in those regions. …show more content…
Latin America has an excess amount of inequality in its regions. It is considered to be the most unequal region in the world. It has been found that two in five people in Latin America live below the poverty line. The Gini index, which measure income inequality with a country, shows how all of Latin America has some sort of income inequality. The results of the Gini index show stagnation in the inequality trend between 2010 and 2012. Latin Americas income inequality has declined but slowly. In 2012 the income inequality declined only by .02% which is not much of a decline. Compared a decade ago wealth inequality has dropped throughout Latin America even though it remains high. It did show improvement due to advancement in education and social spending programs targeted to help the poor. Latin America still continues to be one of the regions with the most income inequality in the world. Uruguay has the best Gini coefficient in Latin America while Honduras has the greatest income inequality in the region. Uruguay president donates 90% of his income to charity and chooses to live a modest way. Countries with more socialist governments have the lowest levels of income inequality. Uruguay, Venezuela, Ecuador, Bolivia, and Nicaragua fall under these governments and they have the lowest levels of income inequality in Latin
Latin America includes Mexico, Central America, South America, and the Caribbean. Latin America consist of a total of twenty-one countries and their population consist of about 604 million. Latin America faces many development challenges and this includes their economy, inequality, employment, women’s rights and equality, innovation and education, health, public insecurity, infrastructure, and environmental degradation. Latin America has not been doing so great in all these subjects and they face many challenges in their economy. Latin America itself is no longer growing at the same pace compared to a decade ago and this is due to all their development challenges and the government in those regions. …show more content…
Latin America has an excess amount of inequality in its regions. It is considered to be the most unequal region in the world. It has been found that two in five people in Latin America live below the poverty line. The Gini index, which measure income inequality with a country, shows how all of Latin America has some sort of income inequality. The results of the Gini index show stagnation in the inequality trend between 2010 and 2012. Latin Americas income inequality has declined but slowly. In 2012 the income inequality declined only by .02% which is not much of a decline. Compared a decade ago wealth inequality has dropped throughout Latin America even though it remains high. It did show improvement due to advancement in education and social spending programs targeted to help the poor. Latin America still continues to be one of the regions with the most income inequality in the world. Uruguay has the best Gini coefficient in Latin America while Honduras has the greatest income inequality in the region. Uruguay president donates 90% of his income to charity and chooses to live a modest way. Countries with more socialist governments have the lowest levels of income inequality. Uruguay, Venezuela, Ecuador, Bolivia, and Nicaragua fall under these governments and they have the lowest levels of income inequality in Latin