Mexico Fifth on Development List
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November 05, 2010
Chile, Argentina, Uruguay, Panama, Mexico, Costa Rica, Peru and Brazil are the countries with the highest Human Development Index in Latin America, according to a study published by the United Nations (UN) this week.
Chile ranked best among Latin American countries, holding 45th place out of 135, followed by Argentina (46), Uruguay (52), Panama (54), Mexico (56), Costa Rica (62), Peru (63), Brazil (73), Venezuela (75), Ecuador (77) and Colombia (79).
The Human Development Index is the UN’s attempt to register the variables of human development in a country in addition to its economic growth in order to assess the progress of each country. The study was conducted in 135 countries that total 90 percent of the world’s population. The study takes into consideration the Gross Domestic Product (GDP) per person and the variables linked to education and the access to health services.
“Human development is different from economic growth. It is possible to have substantial achievements even if there is no fast economic growth,” writes Jeni Klugman, the main author of the study. The study is comprised of three additional indices, such as inequality and its relationship to development, gender inequality and multidimensional poverty.
According to the study, nine of the 15 countries with the highest levels of income inequality are in Latin America and the Caribbean. The Latin American countries that have registered the most progress in the last 30 years are Guatemala, Bolivia and Brazil. However, inequality is still one of the main challenges to overcome in the region.
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