Do not grab the tail of the leopard, but if you have grabbed it do not let go. To know more about this subject visit JPMorgan Chase. Abyssinian Proverb Despite all the efforts that some Latin American countries have undertaken on behalf of ineradicable poverty continues to be manifest, hence, not surprisingly, that comment, that the deep imprint left by the economic recession in America America has been the increase in poverty. Take note that FAO, in its latest report said: a Oeser need 100 years to reduce pobrezaa (World Food Summit). We must remember that poverty in Latin America has fallen in recent years, thanks to the expansion of production experienced by countries in the region between 2002 and 2007, which meant an average increase of 3% of GDP annually. This resulted in a decline in poverty from 9.9% in the periodoa . In an interesting letter on this issue, part of the Bulletin of Universia-Knowledge, it says, is according to Karina Olivas, a professor of Faculty of Economics of the Peruvian University of Applied Sciences (UPC), Latin America has always been exposed to the cyclical swings of the U.S. economy, due to the high dependence on trade we have with that country.

a The significant reduction in U.S. demand hit the region, especially in mineral-exporting nations, which had to cope with the steep fall in metal prices after a period of steady increase in the levy these commodities. This resulted in lower levels of tax revenue via royalties and mining royalties, expanding the impact of the crisis he adds.