Latin America and the Caribbean’s (LAC) GDP will shrink by between 0.9% and 1% in 2016, according to the latest estimates, the second consecutive year of negative growth and a rate of contraction the region has not seen since the early 1980s. According to the Latin American Economic Outlook 2017, the region should recover in 2017, but with modest GDP growth of between 1.5% and 2%, below expected growth in advanced economies.
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The Survey of Adult Skills (PIAAC) directly measures proficiency in several information-processing skills – namely literacy, numeracy and problem solving in technology-rich environments.
Poor skills severely reduce a person’s chance of a better-paying and more-rewarding job, and have a major impact on how the benefits of economic growth are shared within societies. In countries where large shares of adults have poor skills, it is difficult to introduce productivity-enhancing technologies and new ways of working, which stalls improvements in living standards, according to a new OECD report.
In 2011 the Social Movement for Public Education led the biggest demonstrations since Pinochet’s dictatorship in Chile. Since then, one of the main campaigns in Chilean society has been for the recognition of education as a social right, under the slogan of “free, quality, public education” (educación pública, gratuita y de calidad).
The end of the mining boom has highlighted the urgent need for Chile to diversify its economy away from commodity-intensive sectors, according to a new OECD report presented by Secretary-General Angel Gurría today.
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The quality of an education system today shapes the economic and social prosperity of the country tomorrow. Chile has embarked on wide-ranging reform to improve the quality and equity of its education system on several fronts, including early childhood education and care (ECEC), school funding, student selection, school governance, teacher career pathways, vocational education and training (VET) and tertiary education.
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Upper secondary education is the most common level of education attained in Chile, and progress across generations is notable. Upper secondary education, which consolidates students’ basic skills and knowledge, aims to prepare students for entry into tertiary education or the labour market.
Education at a Glance 2013 - Country notes and key fact tables
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Chile has developed rapidly in the past two decades – it has become a strong economy, and a member of the OECD. Despite the global recession, the devastating earthquake and the tsunami, Chile is still one of the most successful economies in Latin America. The total GDP, as well as the GDP per capita, have been increasing; while income inequality and the percentage of poverty among the population have decreased.
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Education at a Glance 2012: Key facts - Chile