Social Panorama of Latin America 2014

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As set out in Compacts for Equality: Towards a Sustainable Future (ECLAC, 2014), Latin America and the Caribbean is standing at a crossroads: how to maintain the significant progress made in reducing poverty and unemployment as well as incipient gains in income distribution, which have taken place alongside democratic consolidation, macroeconomic stability and social policies. Efforts to sustain and expand these achievements seem to be hitting limits as the pace of poverty and indigence reduction and improvement in income distribution slows, especially in the wake of the 2008 international crisis. This will be discussed in this chapter and the following one.

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