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In recent years, the region has achieved impressive progress. Following one lost decade and two decades of huge effort, the majority of Latin American countries now have consolidated democracies, functioning public institutions, stable finances, economies that are open to trade flows and investment, and an increasing number of transnational enterprises.
It is a real pleasure to be back in Brasilia to launch “Investing in Youth: Brazil”. One of Brazil’s greatest assets is its relatively young population. But you can reap a demographic dividend only if the environment is right for harnessing the potential and the talents of the young generation.
One of Brazil’s greatest assets is its relatively young population; but you can reap a demographic dividend only if we create the conditions for harnessing the potential and the talents of this youth. High quality education remains the best engine of social progress and helps our young people find more and better jobs.
We are launching today our sixth Economic Survey of Brazil. Today Brazil has one of the world’s largest economies. Its economic growth has been reasonable, even though the global economy is still facing the problems created by the financial crisis and its recovery has been hesitant and uneven.
Nos urge elevar nuestra productividad, la generación de empleos formales, el nivel educativo y la calidad de los servicios públicos, entre otros, para que los beneficios del crecimiento se repartan con justicia. El impulso reformista de la región debe aspirar a un crecimiento incluyente y sostenible.
OECD Secretary-General Angel Gurría said that while OECD countries breathed a sigh of relief following the U.S. Congress’ steps to lift the debt ceiling and to end the partial federal government shutdown a longer term solution will need to be found.
The economic recovery is slowly gathering pace. Yet, rates of investment have been falling over the past decade and in many advanced countries are at historically low levels.
The pace of recovery in the major advanced economies has improved this year and growth in China appears to have passed a trough, but growth prospects now look weaker in several major emerging economies. A sustainable recovery is not yet firmly established and important risks remain.
We need to design a new vision, a new agenda and a unique post-2015 framework addressing economic, social and environmental challenges in a more integrated manner, said Angel Gurría, OECD Secretary-General and Erik Solheim, Chairman of the OECD Development Assistance Committee.
Growth rates in the major advanced economies picked up in the first half of 2013 and should be maintained through the second half of the year. Activity is expanding at an encouraging pace in North America, Japan and the United Kingdom, while the euro area as a whole is no longer in recession.