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Latin America's economic rise may be undercut by violence

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A report by the Inter-American Dialogue casts Latin America in a grim light, suggesting that much-touted reforms have not significantly improved citizen security, with crime still holding back the region’s political and economic development.

Analysts, politicians and academics agree: Latin America is on the rise. While most of the developed world suffered the effects of the 2008 recession, Latin American economies managed to hold together reasonably well, with regional GDP falling by 1.8 percent in 2009, but bouncing back with 6 percent growth in 2010. The region's GDP is predicted to expand by 3.7 percent in 2012.

What’s more, United Nations statistics indicate that poverty in Latin America is at its lowest rate in 20 years, falling from 48.4 percent in 1990 to 31.4 percent in 2010. In the same period, the rate of extreme poverty fell from 22.6 to 12.3 percent. This economic success suggests that Latin America may have turned a corner in its decades-long struggle against inequality and economic mismanagement, leading some to herald the 2010s as “Latin America’s decade.”


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