Pension systems are fundamental pillars of both present and future well-being for populations in any society. But what exactly are they, and how do they work in Latin America and the Caribbean? In this article, we break down the "ABCs"—the essential basics you need to understand pension systems in the region. We also provide a guide to their structure, how they … [Read more...] about How to Understand Pension Systems and Social Security? The ABCs of Pensions in Latin America and the Caribbean
Future of Work
Artificial Intelligence: What It Brings and What It Changes in the World of Work
We may often feel confused when talking about artificial intelligence (AI) and its relevance today. It is therefore important to be clear that, unlike other automation processes that have been tried before and throughout history, rather focused on repetitive tasks, AI refers to any technology that enables computers to imitate human abilities. What Is Artificial … [Read more...] about Artificial Intelligence: What It Brings and What It Changes in the World of Work
Entrepreneurship: Opportunity or Necessity? Discover the Key to Success
If you walk through almost any city in Latin America, you are likely to come across many small businesses or entrepreneurial projects. In some cases, they were created by people who had no other option—and they likely do not generate income that truly reflects the effort invested. In other instances, the business emerged in response to a neighborhood or market need, and you … [Read more...] about Entrepreneurship: Opportunity or Necessity? Discover the Key to Success
The demographic wave drives the silver economy in Latin America and the Caribbean
When Gabriel García Márquez was working on one of his most iconic stories, “No One to Writes to the Colonel,” it was 1960, and in Colombia, each woman had an average of nearly seven children. He himself had 11 siblings, which was not unusual in his hometown of Aracataca. Twenty years later, he could have titled his work “Chronicle of an Announced Aging,” because the fertility … [Read more...] about The demographic wave drives the silver economy in Latin America and the Caribbean
Job Skills: What Are They and Which Ones Are Most in Demand?
Much is said about "new skills for work". They are the ones employers look for in everchanging industries and get updated almost at the same rate as our smartphones get updated. That was the metaphor that a colleague at IDB's Labor Markets Division used when he invited me to think about workers' skills development in Latin America and the Caribbean. The way we work in the … [Read more...] about Job Skills: What Are They and Which Ones Are Most in Demand?