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With the exception of Sub-Saharan Africa, Latin America and the Caribbean has been one of the regions of the world with the greatest inequality. This text explores why the region suffers from such persistent inequality, identifies how it hampers development, and suggests ways to achieve greater equity.
This work advises Latin American and Caribbean governments to address the region's deficits in skills and technology, thereby boosting productivity which is essential to improving growth prospects. To close the ""productivity gap"", the report calls for a range of policy approaches and strategies.
In recent years, the developing world has seen a burst of efforts to reduce corruption, increase transparency and accountability, and improve governance.
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