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Like China and India and many other countries, Brazil as well has had enormous successes in the struggle against poverty. Between 2000 and now, 35 millions Brazilians – in a total of about 200 million – have escaped from poverty (source). 16 million, or 8% – still live in poverty. (These numbers are according to the World Bank poverty threshold). Brazil created around 18 million new jobs in the last decade. Also in the last 10 years, the country slashed child malnutrition by 61% & rural poverty by 15%.
Unlike China, Brazil has managed to reduce poverty without increasing inequality.
(source, the poverty in this graph is the national one, not the $1 dollar a day line)
The graph above, by the way, again suggests that there’s a correlation between economic growth and poverty reduction.
Here’s an overview for Latin America (poverty here means below national poverty lines):