By ANNA YUKHANANOV, REUTERS November 14, 2012 2:42am
WASHINGTON - Rapid economic growth and more inclusive social policies in
Latin America in the last decade have lifted 50 million people into the
middle class, which for the first time rivals the poor in number, the
World Bank said in a study on Tuesday.
"Most countries
in the region are on their way to becoming middle-class societies; this
represents a historic change," World Bank President Jim Yong Kim told
reporters...
Roughly thirty percent of the population now falls into that
category, equal to the third of people still in poverty -- a remarkable
shift in a continent that has been known for its vast income
inequalities, dominated by the poor and a narrow slice of the rich.
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