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2. Taking Youth to Market
- Author:
- Matthew Aho and Richard André
- Publication Date:
- 01-2011
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- Vanessa Muñoz, 24, and Hector Quiroga, 22, haven't met, but they have a lot in common. Both are from poor families; both have children; both live in the same district of Bogotá; and neither has completed secondary education. They are also both members of a 95-million-strong generation of Latin Americans aged 15 to 24 that is being hit hard by the global economic crisis. The 2008 recession ended five years of growth in Latin America that created jobs and market access for many of the region's young adults. Around the globe, there were an estimated 81 million unemployed young workers in 2009—almost 8 million more than in 2007—reflecting a sharper rise in youth unemployment than ever before. In Latin America and the Caribbean, where young workers are three times more likely to be unemployed than their elders, formal youth unemployment rose from 14.3 percent to 16.1 percent between 2008 and 2009.
- Political Geography:
- Latin America and Caribbean