International Monetary Fund

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Commodity cycles, inequality, and poverty in Latin America

Departmental paper No. 2021/9

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Corporate Author:
International Monetary Fund Western Hemisphere Department
Author:
Ravi Balakrishnan
Publisher:
IMF

Over the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And throughout the 20th century, Latin America was associated with some of the world's highest levels of inequality. Yet something interesting happened in the first decade and a half of the 21st century. Latin America was the only region in the world to have experienced significant declines in inequality in that period. Poverty also fell in Latin America, although this was replicated in other regions, and Latin America started from a relatively low base. Starting around 2014, however, and even before the COVID-19 pandemic hit, poverty and inequality gains had already slowed in Latin America and, in some cases, gone into reverse. And the COVID-19 shock, which is still playing out, is likely to dramatically worsen short-term poverty and inequality dynamics. Against this background, this departmental paper investigates the link between commodity prices, and poverty and inequality developments in Latin America

Extent xix, 102p. ISBN 9781484326091
Size N/A Price £21.50
Format Paperback Published 30 May 2022
Availability Out of stock - available to order Delivery Delivery options and charges