On February 23, the Inter-American Dialogue hosted a panel discussion around lessons on workforce development in Brazil and the US, where panelists shared insights on best practices, particularly the role that private companies play in workforce development initiatives.
Latin America has advanced significantly in terms of educational coverage, but students are not learning at acceptable levels.
Firms across Latin America are complaining about the difficulties of recruiting workers with the technical skills their businesses demand. Lack of adequate skills is becoming a bottleneck for growth in technologically complex industries, harming government efforts to increase investment in strategic sectors of the economy. In Mexico, the energy reform creates opportunities to generate new jobs and educate and train workers in specialized skillsets, but the country will also face challenges in meeting additional demand for skilled labor.