El Salvador - Mejores empleos en El Salvador : el rol del capital humano ()
To address the challenge of promoting economic growth and creating better job opportunities for Salvadorans, it is essential to complement policies of macroeconomic stability and openness with a strong human capital base, in other words, you must provide... See More +
To address the challenge of promoting economic growth and creating better job opportunities for Salvadorans, it is essential to complement policies of macroeconomic stability and openness with a strong human capital base, in other words, you must provide all workers the skills and knowledge required to access better jobs, while building local capacity for technology adoption and innovation. This paper gives an account of the economic performance of El Salvador in the last 10 years, and the characteristics of the labor market and human capital of Salvadorans. We conclude that, despite the implementation of major macroeconomic reforms of the past decade, the quantity and quality of employment in El Salvador have improved very little. This is because of a significant deficiency of human capital, which is reflected in an uneducated, vulnerable population with low employability. At the same time, the Salvadoran economy has a very limited capacity to adopt and develop new technologies, which results in a low capacity to generate quality jobs. To generate more and better jobs in the future, we recommend investing in improving the human capital of the Salvadoran population, ensuring the completion of basic education for all students, encouraging continuation secondary school, and facilitating access to education tertiary, especially for the poorest people. It is equally important to improve the skills and employability of school youth, through training programs. At the same time, one must invest in creating a critical mass capable of absorbing and generating new knowledge, particularly in the fields of applied sciences, engineering and technology. Finally, it is necessary to strengthen the risk management system in the labor market, improving and expanding existing systems to support unemployed workers.
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