Venezuela least unequal country in Latin America. Poverty and unemployment cut by half in a decade

"This rapid reduction of inequality is largely a result of the Chávez administration’s policy of promoting broadly shared economic growth. Having cut both poverty and unemployment by half over roughly a decade, Venezuela is now the least unequal country in Latin America, according to the UN (BBC, 8/21/12)."

Keane Bhatt, "Fear of a Venezuelan Example," Extra! December 1, 2012. Accessed on May 21, 2013.

[verified 4/17/14]

#economy #poverty #inequality #wealthdistribution #unemployment #jobs