Tuesday, July 24, 2012

Tackling poverty and inequality

Some 16.3 million Brazilians (8.5% of the population) live on less than $1.50 per day, which by most international definitions indicates extreme poverty. However, thanks to the efforts of successive governments, including that of the current president, Dilma Rousseff, the country has made tremendous progress in reducing that poverty and tackling income inequality too. In fact, income redistribution has become one of the pillars of Brazil’s growth model. While the bottom decile of Brazilians have enjoyed very fast annual income growth rates, comparable with China’s for instance, the top decile have had slower income growth, close to that of Germany. See full Article.