1945

Trends over the decade

Income distribution in Latin America tended to worsen over the past decade in the wake of a number of economic crises and did not improve appreciably as growth was restored. The most severe recessions hurt the poorest 40% of households most of all, while the wealthiest 10% managed to increase their share of total income and to maintain or expand it during booms. The changes experienced by the intermediate strata were more modest and were not comparable to those of the groups at either end of the scale; in many countries, they had enough bargaining power to be able to benefit, at least partially, from improvements in productivity.

Related Subject(s): Economic and Social Development
/content/books/9789213633823s007-c003
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