OCED says Chile has widest inequality gap

SANTIAGO, Chile (AP) — Chile has the widest gap between rich and poor among the 34 countries of the Organization for Economic Co-operation and Development.

The OECD determines a country's inequality rate by comparing the disposable income of the richest 10 percent with that of the poorest 10 percent of a country's population.

The international organization says in a Tuesday report that while the South American country has the widest inequality gap of its members, it also has made impressive efforts to correct that since the global economic crisis began in 2007.

The OECD includes other emerging economies such as Mexico and Turkey.

Newly inaugurated Chilean President Michelle Bachelet has promised a $15 billion spending program to overhaul education, improve health care and reduce the gap between rich and poor.

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