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| Content Provider | OECD iLibrary |
|---|---|
| Author | Pezzini, Mario |
| Abstract | The 2009 global economic crisis affected Latin American and Caribbean economies severely, as demand for the region’s goods and services plummeted. However, thanks to improved domestic macroeconomic management and regulation, Latin America was better equipped to tackle this crisis than ever before. Domestic demand, fuelled by the expanding purchasing power of those Latin American households in the middle of the income distribution, explains at least part of the Latin American resilience. Because of their capacity to change the region’s economic and political landscape, these middle-income households are the thematic focus of this Outlook. Here referred to as "middle sectors," they are defined as households with income per capita between 50% and 150% of the national median. This definition is often used as a basis for the analysis of the middle class in OECD countries; in the case of the Latin American region, does this definition identify the same type of people? |
| Page Count | 1 |
| Starting Page | 11 |
| Ending Page | 11 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2010-12-03 |
| Access Restriction | Open |
| Subject Keyword | Development |
| Content Type | Text |
| Resource Type | Chapter |
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