25 Aug 2014
Countries of the region must reduce their vulnerabilities and strengthen their resilience to financial crises and natural disasters. Photo: UNDP/Peru
As we lost Gabriel Garcia Marquez this year I’m reminded of his speech upon receiving the Nobel Prize in 1982: "Neither floods nor plagues, famines nor cataclysms, nor even the eternal wars of century upon century, have been able to subdue the persistent advantage of life over death.”
He was right. In the last 30 years Latin America and the Caribbean has undergone tremendous transformations. Democracy has consolidated in the vast majority of countries and men, women, children, youth and the elderly have experienced major improvements in health, education and access to economic resources, the dimensions which compose the Human Development Index (HDI), a measure of well-being of the UN Development Programme (UNDP).
Latin America and the Caribbean today has the highest HDI compared to other developing regions. And while income inequality has increased in other regions of the world, ours has managed to reduce the gap, mainly due to the expansion of education and public transfers to the poor.
In the last decade, poverty has been reduced in the region by almost half, and the middle class rose from 22 percent of the population in 2000 to 34 percent in 2012, according to new UNDP figures.
Despite these achievements, a …