The continuing global economic slowdown has taken its toll on world development, severely affecting most advanced economies. According to the International Labour Organisation, 600m productive jobs will have to be created around the world over the next decade in order to generate sustainable growth and maintain social cohesion.

Whereas growth in the emerging world has slowed down, major developing economies like Mexico continue to boast solid foundations for future growth and social progress, and the evidence can be found in their quick recovery from the global crisis that erupted in 2007-08. Experts from the financial industry, including Goldman Sachs and Nomura, predict that, by 2020, Mexico’s economy will be among the ten largest in the world. Yet despite these positive developments and forecasts, too many Mexicans remain trapped in poverty and afflicted by high levels of violence and corruption.

via Americas: Mexico’s moment | The Economist.