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Economy & Business - August 2019

Pace of inequality decline has slowed since 2014 in Andean region

The United Nations Economic Commission for Latin America and the Caribbean’s (Eclac) Social Panorama 2018 report was published on 19 January, demonstrating indicator improvements in the reduction of monetary and income inequality across the region – alongside significant room for improvement. The Andean region has experienced sustained political change since the turn of the millennium, with left-leaning governments committing to reducing inequality. While there have been clear results in several countries, the report also highlighted areas for concern. Despite these overall reductions in monetary inequality through targeted public policies and redistribution schemes, the Andean region still demonstrates stark social inequalities with regard to access to basic services such as education.

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