Development and employment in Latin America and the Caribbean: A look ahead

Latin America and the Caribbean has, generally speaking, shown greater resilience in the face of the current economic crisis than other regions, both in terms of economic growth and employment. The countries of Latin America have performed well economically and their labour markets have not been particularly affected, in spite of the uncertainty that the global economy is currently experiencing. This notwithstanding, the region faces the challenge of capitalizing on its numerous achievements, whilst not losing sight of its weaknesses. In this context, this document presents the most recent trends with regard to economic growth and employment in the region, and highlights the different macroeconomic and labour-market challenges that the region confronts. Lastly, this document argues for the importance of designing and coordinating a set of policies to be implemented at both national and international level.