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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Youth inclusion in Latin America and their main challenges

OECD Development Centre

Most countries in Latin America still stand to reap the benefits of the youth dividend because of their demographics. However, for this to happen the Latin America and Caribbean (LAC) region needs greater investments in young people, including their inclusion into economic, political and social processes. This chapter analyses the gaps of youth inclusion in the LAC region. It provides a rich statistical portrait of how the labour market position and social inclusion of youth have evolved along a number of key dimensions, and identifies a comprehensive set of policy levers to tackle these gaps. The chapter is composed of two parts. First, it provides an overview of the labour market performance of youth in the past decade, focusing on both measures of the labour market situation and job quality. Second, it analyses other indicators of inclusion such as health, satisfaction with life and future outlooks, civic and social engagement, and crime and perceived security to give a more complete picture of youth inclusion in the region. Finally, the chapter sketches a set of policy goals and recommendations to foster youth inclusion in Latin American countries.

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