• Categories
  • Archives

World Bank Tells Brazil to Fight Poverty If It Wants to Catch Up with China

Brazil and the other countries in Latin America need to be more aggressive in attacking poverty, if they want to grow and compete with countries such as China.

This recommendation comes from the World Bank, which sponsored an international seminar, "Poverty, Inequality, and Growth in Latin America and Brazil," Thursday, May 17, in Brasí­lia.

The seminar was organized together with the Institute of Applied Economic Research (IPEA) and the British government’s Department for International Development.

According to the report, "Poverty Reduction and Growth: Virtuous and Vicious Cycles," although growth is important in reducing poverty, it is poverty that hinders growth in Latin America. Nearly a quarter of the region’s population gets by on less than two dollars a day.

According to World Bank economist, Ethan Weisman, this cycle can be broken by investing more in infrastructure and social policies. He commended the Brazilian federal government’s Family Grant program.

"Indeed, the Family Grant is one of the best. They [the programs] produce positive results in the conditions for receiving the money and the population that receives it," he remarked.

The World Bank report refers to Brazil as a country that promoted significant improvements in the welfare of the population between 1960 and 2000.

The improvements were the result of health advances and the increase in Brazilians’ life expectancy, which rose from 55 to 68 years during the period.

Agência Brasil

Tags:

  • Show Comments (3)

  • Guest

    It remains…..
    That class or racism problem, Brazil has the world record on wealth inequality, after Sierra Leone which is not even a developing country !

    How can anyone explain that Brazil with so much exports in agriculture, and self prolcaiming itself as the garden of the world has 72 millions citizens under nourrished and 14 millions in hunger ?????

    Agricultural exports have never ever made any nation wealthy ! When a country is self sufficient for food, it must go the the next higher level of development. The export should be only for the surplus !

    It is like a farmer with a large family and the farmer prefers to sell his products to entertain his mistress rather than feed first his own wife and children and that this farmer doesnt care about the well being of his wife and the education and needs of his children.

    And this is exactly what Brazil does !!!!

    Nothing to be proud of !

  • Ana Kissed

    tiadelabahia
    I think I would agree with you, but I don’t believe the problems in Brazil have anything to do with Racism, they are issues of class and to bring race into the equation is distorting the argument in this case and is the kind of response I’d expect from middle class liberals in the developed world who use race as an issue to divide the working class.

    I say the above as I have seen it in action while living in the UK, many of the politically minded working class have told the middle class liberals to “fuck off” with their divisive talk of racism.

    If you look at the poverty in Brazil do you see that black people are worse off than millions of whites? I don’t.

    I see people of all races, colours and creeds living in abject poverty in Brazil and I don’t believe race plays any part in that.

    If you look to the west and look at the problems they are having with immigration, they are not issues of race and many of the working class have seen this, they see their housing cost increase, they see their wages driven down by workers from other countries going to the UK and working for less than the minimum wage, they see their health service with long waiting lists because of the pressure put on the system by immigrants, they see their children’s schools with big classes many with 30% of children who have English as a 2nd language, they see their transport system breaking down under the numbers, I could go on and on; but my point is none of these issues are issues of race they are all issues of class and now the workers are seeing that they only suffer from this and it is the middle class liberals who gain all the benefits.

    The problem now for those middle class liberals is what do they say now? They can’t shout Racism or Racist anymore because the argument is passed that now, so how will they now defend the status quo and mass immigration?

  • Guest

    tiadelabahia
    In order to attack poverty, you must attack racism. People don’t think that when they deprive certain groups that they are actually hurting themselves. This goes for ANY country. When children are educated and people have food to eat, and have jobs that is better for everyone. But, unfortunately, greedy, rich people can’t seem to understand that.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Oracle Touts Its On Demand Service in Brazil

For the second time in Latin America, Oracle opened its user conference, called OpenWorld. ...

Brazil’s GDP Grows Meager 0.5% in Quarter. Lula Minimizes Poor Performance

The Brazilian GDP grew a meager 0.5% in the second quarter threatening do derail ...

Brazil Expects Foreign Investments to Fall US$ 10 Billion in 2009

Brazil's estimated trade surplus (positive balance of exports less imports) for 2008 has been ...

Pope Benedict XVI meets Brazilian President Lula

Pope in Brazil to Deliver Tough Talk on Poverty and Crime

In his first full day in Brazil, pope Benedict XVI met for about 30 ...

It’s Still Honeymoon

It may be a while before the current feeling of good will and grace ...

US Group Asks for End to Steel Duties Against Brazil

Members of the Precision Metalforming Association (PMA) testified today at the International Trade Commission’s ...

Brazil Sets Up 4.5% Inflation Target For Next Two Years

Brazil will be obliged to pursue an inflation target of 4.5% for the next ...

5 Witnesses Have Been Killed in Brazilian Case. Maria Aparecida May Be Next.

Maria Aparecida Denadai, a lawyer working in the state of EspÀ­rito Santo, in the ...

Country of Rubinhos

The past few decades were foot-on-the-brake times due to decisions made abroad and middle- ...

2500 Tractors Jam Brazil’s Capital in Protest

A massive protest of Brazilian farmers and a first batch of 2.500 tractors (tratoraço) ...