Growth and inequality
We have previously seen how in Brazil and in Argentina economic growth does not benefit everyone in the same way. We concluded that income distribution is more affected by the social policies of each government.
However, the general trend is similar in both countries. Thus, we ask ourselves: Is there a regional effect in the evolution of economic and social indicators? What happens in other countries and regions of the world?
Let's compare...
We measure the distribution of income with the Gini coefficient (see footnotes)
The charts above for Latin America show an economic and social improvement starting on 2002, although it is not immediate to see.
If instead we just focus on the direction of the change (year to year), we can hightlight the patterns we are searching for:
We see how from 2002 to 2012 the economy grows and social inequality goes down for the whole region (briefly interrupted by the word financial crisis of 2009)
The charts above for Latin America show an economic and social improvement starting on 2002, although it is not immediate to see.
If instead we just focus on the direction of the change (year to year), we can hightlight the patterns we are searching for:
We see how from 2002 to 2012 the economy grows and social inequality goes down for the whole region (briefly interrupted by the word financial crisis of 2009)