Power and Inequality in Latin America

Posted on February 27, 2014 • Filed under: Economy, Latin America News

elpais.com reported that…According to the Economic Commission for Latin America and the Caribbean (ECLAC), with respect to the distribution of income, high inequality continues to be characterised to the Latin American region. In Honduras, a country with 70% of poor, the poorest quintile (20% of households with lower income) picks up on average less than 4% of the total revenue of the country (4% in Paraguay and Dominican Republic, 10% in Uruguay).

For decades, the richest Honduran families have divided their influences between the policy and the company (3% of the population controls 40% of the national production). These families, five control around the country without power-sharing. All decisions go through his hands, and those relating to development assistance received from donor countries are no exception. Honduras is probably the most flagrant example, but the concentration of wealth and power is a reality present in Latin America. Read Article

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