Latin America's Low Productivity

Gaps in GDP per capita between different countries are directly related to the productivity gaps between their respective economies, with education being the main factor in these differences.

The OECD report "Promoting inclusive growth of productivity in Latin America" ​​says that although the region made progress in reducing poverty over the past 20 years, it still stands out at the global level, because of the unequal income its inhabitants.

Five areas are identified in which key reforms need to be made to correct the poor productivity of the region: human capital, labor market, business environment, innovation and infrastructures

The location of human capital at the top of the list, clearly indicates its importance and consideration as the basis of the problem: "... investing in education, skills and lifelong learning will be essential in improving labor productivity and expanding economic opportunities."

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Source: centralamerica.com