10 Facts about Poverty in Colombia - The Borgen Project - Labor Force by Occupation- As reported by Colombia
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- Poverty in Colombia - Wikipedia
The Covid pandemic has caused the greatest economic recession in Colombia in at least a generation. While inequality of wealth is the highest among members of the Organisation for Economic Co-operation and Development, the United Nations also reported that the poverty rate in Colombia is now the highest in South America.
With some 51 million people, between Of these, 15 million missed one meal a day and the remaining were near starvation. The Colombian government should reform the tax system and tax the rich more heavily. The VAT widens inequality because it taxes the poor unfairly.
It also shrinks government revenue due to tax exemptions: imports like salmon get a pass, while daily staples like coffee and soap are taxed. Some are using digitalization and technology to help formalize businesses by simplifying the registration process and making tax collection more efficient, enabling businesses and individuals to pay taxes and contribute to the pension system and providing them access to many social benefits.
Digitalization also provides greater access to financial services. This is occurring by providing micro-credits, expanding the outreach of banking services, lowering the cost of financial services and simplifying electronic payments. Additionally, it helps producers expand their market, provides financial services and helps restore the land to its original owners before the conflict.
All of these efforts and many more are helping reduce poverty in Colombia. The goal is to keep the country on a path toward equitable and inclusive development that leads to a reduction of inequality. Ever since the rise of drug lord Pablo Escobar in the s, Colombia has been an easy target for negative media portrayals and has been susceptible to misrepresentation.
Movies and TV shows provide the best examples of how the media misrepresents Colombia, because they often show the country as a war zone filled with drugs. The show now attracts more than three million viewers. Escobar should not be held up as a hero and honoring [him] goes against everything that is right.
In addition to shows about Pablo Escobar, the American media widely covers the activity in drug-producing countries like Colombia; however, the abundant supply of drugs only continues if it is met by a demand for drugs in first world countries.
Many of the people producing coca leaves are farmers looking to put food on the table for their families. A lot of good things are happening in Colombia, but the media ignores these events because they are not as exciting or dramatic as the war on drugs. A new era is here for the Colombian people and it deserves as much coverage as the war. Additionally, the government is also carrying out negotiations with ELN , another armed guerrilla group which has caused violence in the country for decades.
The newly gained political and economic stability has opened up the country for business. The poverty rate in the country has fallen from 20 percent in to 4.
Additionally, the country seems to be moving forward with technological development. In , Medellin was named the innovative city of the year. This is one of the common themes in how the media misrepresents Colombia. While it would be incorrect to claim there are no drugs or conflicts in Colombia, it is also incorrect to claim that cartels are operating at the same scale as they were in the s and s. The Medellin and Cali cartels were dismantled when the Colombian government, along with the U.
As of January , the U. Department of State has upgraded Colombia to a Level 2 country for travel after being considered a Level 3 country for many years. This means that instead of being a country that Americans should reconsider traveling to, it is now considered a country that can be visited with reasonable caution.
Additionally, the New York Times has named Colombia as one of the top places to visit in The media represents Colombia as it was in the s and fails to report on the many changes that the country has undergone since this tragic time. Photo: Flickr. Colombia is a beautiful country with a landscape marked by rainforests, Andes mountains and numerous coffee plantations, but poverty in Columbia remains a problem. These facts about poverty in Colombia will help provide a better understanding of the social and economic situation in the country, as well as the progress made and the work that still needs to be done.
In recent years, Colombia has successfully taken measures to reduce the issues that contribute to poverty, particularly in the worse urban areas. In , this stratification policy was made into law in order to grant subsidies to the poorest residents. The system is organized so that the people living in upper layers strata 5 and 6 pay more for services like electricity, water and sewage than the groups in the lower strata.
From Wikipedia, the free encyclopedia. Archived from the original PDF on 15 November Retrieved 4 April Retrieved 31 January Archived from the original on 21 December Retrieved 19 December World Bank. Retrieved 12 May This exceptional dynamic has brought the economy to operate above its potential and, growth is projected to slow gradually to 2.
Strong domestic demand, the depreciation of the Colombian peso, indexation of wages and regulated prices, and price pressures from abroad have pushed inflation to over 10 percent. In response, the Central Bank increased the monetary policy rate to 10 percent at end-September. With some 1. The middle class has also rebounded, and income inequality has declined.
Nonetheless, 2. Moreover, the decline in poverty has been uneven and has not benefited afro-Colombians and indigenous people. Living conditions of Venezuelan migrants and victims of conflict have improved, but from a dire pre-pandemic poverty situation.
Although poverty is projected to decline in , inflation particularly food inflation is estimated to slow down poverty reduction, mostly affecting those in rural areas and the extreme poor.
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