Three basic ideas recur to account for the position of the region: the commodity lottery, the mechanicsof export-led growth and the economic-policy environment (Input-Output-Analysis). Furthermore, he measures the economic development with a couple of indicators: GDP, GNP/person, lifeexpectancy, infant mortality, etc. Victor Bulmer Thomas analyzes the economic development of Latin America with the comparison of these indicators (e.g. demographic indicators,imports/exports) and their developments in the 19th and 20th century.
2) Which is the poorest region in the world?
According to the table 1.1 on page 6 the poorest region of the World isSouth Asia (GNP per head 460 US $). The second poorest region of the world is the Sub-Saharan Africa with a GNP of 480 US $.
3) Which region of the world has the most unequal income andwealth distribution?
State participation in the economy, widely accepted in the 1960s and 1970s, failed to reverse the sharp inequality in income distribution found in most LatinAmerican republics. This inequality, at first a product of the unequal distribution of land inherited from colonial times, has been reinforced by industrial and financial concentration inthe twentieth century, giving Latin America one of the worst income distributions in the world.
The region of the world with the most unequal income and wealth distribution can be foundon the basis of the Gini coefficient (the Gini coefficient measures income inequality and varies from 0 in the case of complete equality to 1 in the case of complete inequality). Thetable 1.5 on page 11 shows that Brazil had the highest coefficient with 0, 64. Thus Brazil was (year 2000) the country with the most unequal income and wealth distribution in the world.