Latin American Economic Outlook 2017

Youth, Skills and Entrepreneurship

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The 2017 edition of the Latin American Economic Outlook explores youth, skills and entrepreneurship. Young Latin Americans embody the region’s promise and perils. They stand at the crossroads of a region whose once promising economy and social progress are now undergoing a slowdown. The Outlook identifies potential strategies and policy responses to help Latin America and the Caribbean revive economic growth. While development can stem from different sources, skills and entrepreneurship can empower youth to develop knowledge-intensive economic activities, boost productivity and transform the region’s politics as they transition successfully from the world of school to the world of productive work and create that future they seek. The report highlights valuable experiences and best practices in these fields and proposes strategies to allow Latin America to consolidate long-term growth while assuring continuity in the social agenda.

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OECD Development Centre

Labour market conditions in Argentina continue to improve, but are still below the Latin America and Caribbean (LAC) average. The recovery from the 2001 crisis remains uneven across different groups within the workforce. Unemployment rates for adults (aged 30-64), which have been declining since 2004, fell to 4.5% in 2014; this is still above the LAC average (3.3%), but below the OECD average (5.8%). Between 2004 and 2014, informality rates for adults decreased by almost 15 percentage points – from almost 42% to around 27%. These figures are from the Socio-Economic Database for Latin America and the Caribbean (SEDLAC) data based on Argentina’s National Household Survey (EPH).

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