Monday, August 16, 2010
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Inequality is one of the main characteristics that define the history of Latin America and the Caribbean. A very high and persistent inequality, accompanied by low social mobility, have led the region to fall into a trap of inequality. " In a vicious cycle difficult to break. How can we stop this situation? What public policies can be designed to prevent further transmission of inequality from one generation to another? Why the political system and redistribution mechanisms have not been effective in reversing this pattern? This first Regional Human Development Report for Latin America and the Caribbean offers answers to these and other questions. The central message is that it is possible to reduce inequality in Latin America and the Caribbean. It is a fact that until the advent of the global economic crisis, a number of countries had achieved reductions in inequality due to the expansion of coverage of basic social services and a more progressive impact of social spending. This occurred in response to a consensus on the need to be more effective in fighting poverty. This report reaffirms the central importance of the fight against poverty, but suggests that it is necessary to go further: inequality per se is an obstacle to progress in human development and reduction should be explicitly incorporated into the public agenda.
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