31/05/2017 Economy

Inequality declines, but not enough for development in LatAm

Levels of inequality have declined in Latin America and the Caribbean between 2008 and 2015, but the figure is insufficient to achieve sustainable development, concludes a specialized report.

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According to the analysis presented by the executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, inequality in the distribution of income of people was reduced.

This was possible thanks to the priority given by governments to social development goals. However, its pace dropped between 2012 and 2015 and current levels remain very high for achieving sustainable development.

 

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The study also explores the inequities in the use of time between men and women, those associated with ethnic-racial status and those that are evident in the different stages of the life cycle.

Bárcena pointed out that inequality is a historical and structural characteristic of societies in Latin America and the Caribbean, manifested through multiple vicious circuits.

 

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'Moving towards its significant reduction is one of the objectives of the Agenda 2030 for Sustainable Development, subscribed by all the countries of the region in 2015. This agenda calls for no one to be left behind,' she pointed out.

 

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According to the UN agency, the Gini coefficient for personal income in 2015 showed an average value of 0.469 for 17 Latin American countries, which is considered a high level.

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