beyondbrics: Mexico's Poverty Conundrum Ron Buchanan and Pan Kwan Yuk - FT.com
go to original April 11, 2013

... In Brazil, a commodity-fuelled boom helped lift some 30-40m people out of poverty over the past decade. This remarkable reduction has in turn helped create booming markets for consumer goods and drawn in global investors.

But in Mexico, wage stagnation, under-employment and inflation have eroded the income level of some 31m Mexicans, according to Jose Luis de la Cruz, director of the Center for Research on the Economy and Business at the Mexico state campus of Monterrey Tech.

The most recent data from National Council on Evaluation of Social Development Policy (Coneval) put the number of Mexicans living in poverty in 2010 at 52m, or 46.2 per cent of the population.

And while Mexico’s gini coefficient, a measure of income inequality, might have fallen between 2000 to 2010, the gap between rich and poor persists, with 10 per cent of the population holding nearly 40 per cent of the country’s wealth in 2010, according to the Economic Commission for Latin America.

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