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About 33% of that GDP is controlled by the richest 1% according to The World Bank [1]. Yes, Chile's HDI is quite high for a Latin American country. The problem

About 33% of that GDP is controlled by the richest 1% according to The World Bank [1]. Yes, Chile's HDI is quite high for a Latin American country. The problem is, in the same city (Santiago) you've got communes with HDIs above Norway's (Vitacura, Las Condes, and Providencia got HDIs above 0.953) and then there are communes less than an hour away that got an HDI lower than Panama's (San Ramón HDI is 0.786) [2][3][4]. By OECD's data, Chile is the third country with the highest income inequality amongst OECD members [5]. [1] http://documents.worldbank.org/curated/en/496131468228282235/Chile-Efectos-distributivos-de-la-reforma-tributaria-2014 http://documents.worldbank.org/curated/en/496131468228282235... [2] Calculated with INE's data (2017) https://imgur.com/GKMcGw9 https://imgur.com/GKMcGw9 [3] http://reportescomunales.bcn.cl/2012/index.php/Categor%C3%ADa:Comunas http://reportescomunales.bcn.cl/2012/index.php/Categor%C3%AD... [4] http://www.desarrollosocialyfamilia.gob.cl/informacion-social/informes-de-desarrollo-social http://www.desarrollosocialyfamilia.gob.cl/informacion-socia... [5] https://data.oecd.org/inequality/income-inequality.htm https://data.oecd.org/inequality/income-inequality.htm

rayiner 7y ago
Panama has the fifth highest HDI in Latin America. And you can bet that the HDI in poorer regions of Panama are much lower than that of poorer regions in Chile. But besides that, these trade offs are for Chile’s voters to resolve. Those voters decided that sticking with markets, even in the face of higher inequality, was the way to go.
- lemonpan 7y ago
  Yes, probably Panama's poorest regions are poorer than Chile's. However, is important to take into account that Panama's GDP is not even half of Chile's and Gini Index of Panama and Chile is almost the same [1]. Anyways, yes, that's something that voters should resolve. Sadly, there's a big discontent towards the political class in Chile (against both left and right-wing) and last elections had low participation (around 50%). [1] http://documentos.bancomundial.org/curated/es/242251476706821424/pdf/109215-REVISED-PUB-PUBLIC.pdf http://documentos.bancomundial.org/curated/es/24225147670682...

rayiner 7y ago

Panama has the fifth highest HDI in Latin America. And you can bet that the HDI in poorer regions of Panama are much lower than that of poorer regions in Chile. But besides that, these trade offs are for Chile’s voters to resolve. Those voters decided that sticking with markets, even in the face of higher inequality, was the way to go.

lemonpan 7y ago
Yes, probably Panama's poorest regions are poorer than Chile's. However, is important to take into account that Panama's GDP is not even half of Chile's and Gini Index of Panama and Chile is almost the same [1]. Anyways, yes, that's something that voters should resolve. Sadly, there's a big discontent towards the political class in Chile (against both left and right-wing) and last elections had low participation (around 50%). [1] http://documentos.bancomundial.org/curated/es/242251476706821424/pdf/109215-REVISED-PUB-PUBLIC.pdf http://documentos.bancomundial.org/curated/es/24225147670682...