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This year's Latin American Economic Outlook focuses on those in the middle of the income distribution in Latin America. If these middle sectors have stable employment and reasonably robust incomes, then, arguably, they provide a solid foundation for economic progress. Moreover, following the political role often attributed to the middle classes by historians and sociologists, they might also support moderate but progressive political platforms in Latin America's democracies. In fact, this report shows that, contrary to expectations, in Latin America this group is still economically vulnerable,. | Latin American Economic Outlook 2011 HOW MIDDLE-CLASS IS LATIN AMERICA CENTRE DE DEVELOPMENT DÉVELOPPEMENT cENtrE OECD 3 Development Centre The Development Centre of the Organisation for Economic Co-operation and Development was established by decision of the OECD Council on 23 October 1962 and comprises 25 member countries of the OECD Austria Belgium Chile the Czech Republic Finland France Germany Greece Iceland Ireland Israel Italy Korea Luxembourg Mexico the Netherlands Norway Poland Portugal Slovak Republic Spain Sweden Switzerland Turkey and the United Kingdom. In addition the following non-OECD countries are members of the Development Centre Brazil since March 1994 India February 2001 Romania October 2004 Thailand March 2005 South Africa May 2006 Egypt and Viet Nam March 2008 Colombia July 2008 Indonesia February 2009 Costa Rica Mauritius Morocco and Peru March 2009 and the Dominican Republic November 2009 . The Commission of the European Communities also takes part in the Centre s Governing Board. The Development Centre whose membership is open to both OECD and non-OECD countries occupies a unique place within the OECD and in the international community. Members finance the Centre and serve on its Governing Board which sets the biennial work programme and oversees its implementation. The Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. Participants in Centre events are invited in their personal capacity. A small core of staff works with experts and institutions from the OECD and partner countries to fulfil the Centre s work programme. The results are discussed in informal expert and policy dialogue meetings and are published in a range of high-quality products for the research and policy communities. The Centre s Study Series presents in-depth analyses of major development issues. Policy Briefs and Policy Insights .
