An opportunity for economic growth in Latin America & Caribbean |
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Take advantage of LAC’s demographic “window of opportunity” LAC has about 140 million young people aged 12-24. The number of young people in many countries in this region (including Argentina, Brazil, Chile, and Costa Rica) is peaking between 2000 and 2010; Brazil is entering a long plateau. Others such as Nicaragua and Peru will peak between 2010 and 2030.
WDR 2007 notes that the expected decline in dependency (increase in working age population relative to non-working age population) offers an opportunity for economic growth in LAC, provided that young people have access to relevant education and jobs, and stay healthy.
| Inequalities of opportunity are widespread in the region In Brazil, 14 percent of young people from the poorest 10 percent of the population are illiterate and only 4 percent are employed in the formal sector—while 50 percent of those in the richest 10 percent have formal sector employment and only 0.3 percent are illiterate. |
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