Americas Society/Council of the Americas (AS/COA) and Junior Achievement Americas led a roundtable discussion on closing the skills gap in Latin America at Miami Dade College on July 24. The purpose of the discussion was to identify and discuss the key factors behind the widening skills gap in the region, as well as to explore constructive solutions among the public, private, nonprofit, academia, and multilateral sectors that can enhance youth skills training and job placement. AS/COA and Junior Achievement Americas produced a white paper summarizing the key takeaways of the event.
"Latin American countries designate a meager 0.5% of GDP to R&D."
- Commitment from the public sector in the region is required to increase internet connectivity, invest in research and development (R&D), as well as implement policy that reduces bureaucratic inefficiencies and facilitates favorable business conditions for job creation.
- Increasing and strengthening partnerships among the private sector, multilateral organizations, NGO’s, and relevant stakeholders is essential to allow the region’s youth to fill jobs in the new tech-driven economy via training, education, and other programs for skills development.
- Educational institutions must work together with governments in the region to refocus the education model in order to incorporate both technology and soft-skills, thereby developing a more competitive workforce.