Monday, July 05, 2010

"'Latin America went through over the last six, seven years a quite different period of development – growth with income distribution…We had very dynamic periods before but without income distribution.' Its adoption of an unorthodox approach - refusing to cut social expenditures and not implementing a sharp reduction of fiscal expenditures - 'enhanced the social resilience of the region.'" -- Antonio Prado, Economic Commission for Latin America and the Caribbean (ECLAC), IPSNews, 7/2/2010


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