Steady growth and sound economic policies improved the lives of millions in the region over the past decade. The poverty rate dropped from 42 percent in 2000 to 25 percent in 2012, and for the first time ever, the number of people belonging to the middle class now surpasses the number of poor.
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May 18, 2015 — Countries of the Northern Hemisphere have traditionally dominated the global economy but the 21st century has turned this trend on its head: developing countries now concentrate 51% of global trade.Read More »
April 20, 2015 — Latin America and the Caribbean have led the developing world in shared prosperity achievements in the last decade, and have seen impressive poverty reduction successes, driven by growth, labor incomes and effective safety net programs.Read More »