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Latin America

Essay by   •  April 21, 2012  •  Term Paper  •  775 Words (4 Pages)  •  1,980 Views

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Latin America

Latin America was seen as one region that is unequal in the world as far as making progress goes in comparison to other countries back in 2010. This had resulted in a non-favorable impact on the economy, society and the people, which is why it has required a lot of focus. There has been a continuous fight against poverty, but the state of the economy and the lack of food returned halting results.

In recent findings in 2011, Latin America's poverty levels in the regions have declined to the lowest levels in the 20 years and have continued to do so as of 2012. In between the years of 1990 and 2010, the poverty in Latin America had fallen to seventeen percent and to ten percent for a level of extreme poverty. The largest poverty decreases were seen in South America's commodity exporting countries, like Peru, Uruguay and Argentina.

Latin America's Economic, Social, Political State

The decrease in poverty in Latin America will continue to do so in the future according to the trends, which in turn will created an expanded middle class, generating new economic activity that will be independent of outside factors. Brazil and Chile have recently created social programs which have resulting in the reduction of poverty. According to the U.N. Economic Commission for Latin America and Caribbean (ECLAC), the estimates done in 1990 on China and Asia Pacific, with the exception of Japan, they had more than sixty percent of their total population living in extreme cases of poverty and Latin America had twenty-three percent of their total population living in poverty, which was lower in comparison. Since 1990, Asia's poverty levels have decreased to almost fifty percent and Latin America has decreased to only ten percent. This is due to Asia's ability to distribute income at better levels, better economic integration, better education along with leading the field in science and technology.

In accordance with the U.N. Economic Commission study that was done on Latin America and the Caribbean (ECLAC), the economies increased by 4.3 percent in 2011 within the region and have a projection to increase by 3.7 percent throughout 2012. The report overview revealed that Argentina's Gross Domestic Product grew by nine percent in 2011 and will decrease by 4.8 percent throughout 2012; Brazil's economy had a growth of 2.9 percent in 2011 and will grow by 3.5 percent in 2012. Columbia's economy had a growth of 5.5 percent in 2011 and will increase by 4.5 percent sometime in 2012, Chile's economy had a growth of 6.3 percent in 2011 and will increase by 4.2 percent some where in 2012, Cuba's economy had a growth of 2.5 percent last year and is expected to increase by the same percentage in 2012, so there will not be a change. Haiti had a growth of 4.5 percent in 2011 and will grow by 8 percent somewhere in 2012. Panama's

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