Six South American countries with the worst income distribution inequality

Monday, November 1st 2010 - 05:50 UTC

Full article 5 comments

A newly released regional report on economic inequality ranked Chile as one of the top 15 countries in the world with the worst inequality of income distribution and declares Latin America and the Caribbean to be the region with the worst inequality worldwide. Read full article

Comments

Disclaimer & comment rules

Alejomartinez
What about Argentina? Sure it's well ranked as Mercopress doesn't even mention it. More of the same anti Argentina editorial policy?
Nov 02nd, 2010 - 11:34 am - Link - Report abuse 0
-+
Roberto
What a silly ranking. I assume North Korea and Cuba have the best ranking of any country since the span between rich and poor is almost zero because everyone is poor. If Colombia and Chile have actually developed a Middle class and the nation as a whole is better off then of course the difference on this index will grow. Perhaps it should be a point of pride rather than ridiclule. The study also seems to assume that somehow the governments distribute wealth. Again Cuba and North Korea distrubute wealth and everyone is poor and frequently hungry.
Nov 04th, 2010 - 03:03 am - Link - Report abuse 0
-+
surf14
Governments distribute wealth through progressive taxation, how is this concept difficult to understand? This ranking is supposed to be used in conjunction with other prosperity rankings to get a full picture of a country's prosperity, no one is saying it should be used as a stand-alone indicator. A lower indicator generally means the presence of a strong middle class, and that is very good for economic growth, so I think it's a very important ranking.
Nov 04th, 2010 - 09:18 pm - Link - Report abuse 0
-+
Pheel
Agree with surf14´s explanation. If f.e. the GDP is growing, go to look to the Gini index cos sustaintability of that grow could depend in the long term on the latter .
Nov 04th, 2010 - 11:06 pm - Link - Report abuse 0
-+
Roberto
surf14 . The article is not written to be taken as one indicator among many. It is written as a condemnation of the countries it names. Again many of the countries that seek to redistribute wealth do it through owning the means of production, ie Cuba. North Korea, and formally China. Argentina tried this and Venezuela is headed for it. These counties I am sure have a good or getting better distribution inequailty index because of the general proverty of their citizens due to their distribution polcies. Countries I would least want to live in have the highest ratings.
Nov 06th, 2010 - 04:31 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!