2005 Labour Overview: Latin America and the Caribbean
International Labour Office, Regional Office for Latin America and the Caribbean
[Excerpt] In summary, although regional economic growth has led to an improvement in some key labour market indicators, there remains a substantial decent work deficit which requires the continuous application of integrated economic and social policies whose focus should be the generation of decent work, balancing the need for competitiveness and efficiency with that of social protection, employment security and respect for labour and human rights. This edition includes two feature articles. The first analyzes voluntary migration trends both within and outside the region, as well as the internal and external conditions that drive migration. The article concludes that labour migration has both positive and negative effects for the countries of origin and destination, as well as for immigrants and their families. A box article provides a proposal for a regional plan of action regarding migrant workers. The second feature article analyzes economic and labour progress in Latin America and the Caribbean since the application of economic stabilization policies in the early 1990s. The conclusion is that while important progress has been made, particularly in improving macroeconomic imbalances, these positive changes have been accompanied by an increase in unemployment and precarious employment as well as a deterioration in income distribution. To address these issues, the article presents policy proposals designed to achieve economic growth compatible with decent work. The Labour Overview Advance Report for 2005 also includes a statistical annex that accompanies the labour situation report as well as an explanatory note with concepts, definitions and information sources. Latin American and Caribbean countries face a paradox from a labour market perspective: the regional economy is in a better situation than ever to improve the quality of life for the region’s inhabitants; nevertheless, current labour and social challenges are more daunting than ever before. In the task of achieving decent work for all, governments, workers and entrepreneurs of the region have at their disposal the instruments, experience and technical support of the International Labour Office.
economic growth; employment; unemployment; Latin America