Political Risk Latin America Blog @PolRiskLatam

Obama: Jobs at top of Latin America agenda

Posted in News and Articles, Political Risk by politicalrisklatam on March 18, 2011

by Barack Obama for USA Today, March 18th, 2011.

In recent weeks, we’ve seen how turmoil and tragedy around the globe can affect our own prosperity and security; how events abroad often have implications for everything from markets on Wall Street to families’ wallets on Main Street. And as a nation, we will continue to do everything we can both to promote stability and democracy in the Middle East and help the people of Japan recover from the devastating earthquake and tsunami.

But in this increasingly interconnected and fiercely competitive world, our top priority has to be creating and sustaining new jobs and new opportunities for our people.

Lately, we’ve seen signs that we’re moving in the right direction. Our economy added nearly a quarter of a million new private sector jobs last month, and the unemployment rate is at its lowest level in nearly two years. And to keep that progress going, we’ve got to keep competing for every new job, every new industry, and every new market in the 21st century.

That’s one of the reasons I will travel to Latin America this week — to strengthen our economic relationship with neighbors who are playing a growing role in our economic future.

Nearly 600 million people live in Latin America. The region’s economy grew by about 6% last year. Between 2010 and 2015, it’s expected to grow by one-third. And as these markets are growing, so is their demand for goods and services — goods and services that, as president, I want to see made in the United States of America.

Every $1 billion we export supports more than 5,000 jobs here at home. That’s why last year, I set a goal for this country: to double our exports of goods and services by 2014. And we are on track to meet this goal: exports were up 17% in 2010. (continue reading… )

 

 

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