Talking about Latin America as a region always and in all circumstances presents some quite difficult challenges. For starters, Latin America is made up of multiple countries with different economic, political and cultural conditions. In addition to this, the information in most of these countries is not always and in all circumstances is simple to locate and may even be contaminated or incorrect. However, there is at least one characteristic that seems overflowing in each and every country in that region: talent.
The business wave has greatly hurt Latin America and seems to be gaining momentum. A new generation of millennials and article-millennials, led by a group of young entrepreneurs between thirty and fifty years old, thinks that they can progress lives by creating new and better solutions to routine inconveniences.
The phenomenon manifests itself everywhere, not only in Latin American cities. I have had the opportunity to visit several cities in this area, in addition to Asia, Africa and Europe, which are not considered business centers or generators of innovation, but now meridianly they have caught a business fever that is being promoted at all levels of the zone. society, government, industry and academy.
However, Latin America seems to be at a fundamental stage. Let’s start with demography: the average age in the region of 27 years, and in most countries, more than 50 percent (or very close to this percentage) of the population is under 30 years old. This contrasts sharply with the more developed countries with less youth. However, the demographic benefit will not last forever; It is estimated that by 2050, the average age in the region will increase to 41.
Education in Latin America is another vital factor to estimate. Enrollment in higher education in the area has increased from 21 percent of the population to more than forty-five percent in the last 15 years. Even the poorest 50 percent of the population receives higher education, and enrollment increased from 16 percent to twenty-five percent between two thousand and two thousand thirteen. This means that not only is there a huge population of young people, but rather many of these young people of working age are well educated.