| According to ECLAC, a decade of economic growth, on average, has helped lift 56 million Latin Americans into the middle class since 1999. However, some economists worry that a decline in demand for commodities, which have risen from 27 percent to 39 percent of exports over the past decade, could reverse those gains.
What effect would a decrease in commodities prices have on the region? Will the newly emergent middle class slide back into poverty, or are the gains sustainable? Has deindustrialization become an urgent policy concern for some Latin American countries?..............................................Full Article: Source
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