Today, the history of human development in Latin America. The suspense over the coronavirus emergency salary. And new laws for Brazilian startups.
30 years of human development in Latin America
The United Nations released its 2020 Human Development Report today. First created 30 years ago, the study changed the notion of development from a monetary-based notion of macroeconomic growth to a multidimensional measurement factoring in issues such as gender, inequality, and poverty. How did Latin America fare over these three decades?
- Path towards middle income. Latin American nations experienced tremendous improvement between 1990 and 2020 — with dozens of them reaching the level of middle-income countries. However, this development has been slower than in parts of Africa and Asia. Moreover, there has been limited re-ordering in terms of cross-country rankings. Nations that were less developed 30 years ago continue to be left behind.
- Poverty levels go down but stay high. Known as the world’s most unequal region, Latin America did experience a sizable reduction of multidimensional poverty rates across the board. In some regions, however, these rates remain extremely high. That is the case for Haiti (40 percent), Bolivia (21 percent), and Honduras (19 percent).
- Education hurdles. Access to...