Lack of skills? Or lack of jobs? Colombia’s challenge of creating good ...
Between 2009 and 2014 average wages for high-educated workers (completed secondary education or above) rose by close to 9 percent before dropping by 7 percent between 2014 and 2019 (Figure 1). The unemployment rate followed a similar trend, displaying first a decline during the first half of the decade followed by an increase in the second half ...
Pandemic Crisis Fuels Decline of Middle Class in Latin America and the ...
WASHINGTON, June 24, 2021 – The COVID-19 pandemic pushed 4.7 million people out of the middle class and into vulnerability or poverty in Latin America and the Caribbean (LAC) last year, likely reversing decades of social gains, according to a new World Bank report. The impact was even more dramatic if the effect of a massive, temporary social transfer program in Brazil is excluded from the ...
Entrepreneurship is the trend in Latin America - World Bank
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
How Latin America’s housing policies are changing the lives of urban ...
Latin American cities are looking for new ways to redesign existing urban areas and finance it—encouraged perhaps by the sluggish macroeconomic environment. For example, to renew its underutilized downtown areas, Medellin is piloting “tax-increment financing” (a model to capture increases in land values, albeit with a rather unfriendly name).
How to create jobs fast: From public works and wage subsidies to social ...
Unfortunately, most of the programs implemented globally operate more like safety nets that create jobs for very low skilled workers, in very low productive activities, paying less than the minimum wage. Additionally, these are all temporary jobs. As for wage subsidies, the experience has been mixed at best.
March 2021 global poverty update from the World Bank
In contrast, spurred by the conflicts in Yemen and Syria, the Middle East and North Africa region has seen a sharp reversal, with the poverty rate increasing from around 2.1% in 2013 to 4.3% in 2015 and 7% in 2018. In Latin America, poverty has largely stagnated, remaining at around 3.7% between 2015 and 2019.
Promoting Wage Equality in the Labor Market in Africa: a Moral Imperative
While wage and occupational inequalities persist on the continent, progress has been made. Africa’s development cannot take place without gender equality. In addition to being a moral imperative, achieving wage equality is the best strategy to foster inclusive development. In Nigeria, for example, it is estimated that greater participation of ...
Poverty and exclusion among Indigenous Peoples: The global evidence
By compiling national survey data from ten countries in Latin America, Asia, and Africa, the study is able to assess poverty rates and trends for about 80% of the world’s Indigenous population. We cast a wide net by including all peoples - data allowing - who satisfy any definition of being indigenous, as set forth by a government ...
Skills Development in a Global Context: Towards a Future Ready Workforce
Across South Asia, skills development is a common concern. In India, for example, the Government launched a sweeping reform targeting skills training for 400 million workers by 2022. We see similar trends in other countries in the region, as well as in many developed and developing countries around the world.
What are trade blocs and how do two of Latin America’s largest compare?
The Pacific Alliance is a Latin American trade bloc formed in 2011 among Chile, Colombia, Mexico, and Peru. Together the four countries have a combined population of about 221.3 million and GDP of $2.1 trillion. The Southern Common Market (Mercosur) created in 1991, includes Argentina, Brazil, Paraguay, Uruguay, and Venezuela.