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Latin American Economic Outlook 2017

Youth, Skills and Entrepreneurship

image of Latin American Economic Outlook 2017

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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Panama

OECD Development Centre

Panama’s economic growth over the past decade was inclusive and led to a significant reduction in poverty and the expansion of shared prosperity. Panama has made significant progress in reducing poverty in recent years (poverty and extreme poverty decreased by more than 10 percentage points over the decade 2004-14) and as a percentage of the total population (29% in 2014). Panama has now one of the largest middle-class populations in the region. This positive period of strong growth also was reflected in the labour market.

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