Young people is our hope. This is one the reasons why we have children and work to give them a better life. We expect that when they become adult they will take the baton we pass as getting older. An that they will perform a better race. However, I am not very sure that we can follow in a permanent progress. It is emerging the belief that the next generations are not going to be so prosperous. It is clear young people are enjoying a superb standard of living in developed countries, but it does not happen the same in other places. Before the crisis, so many emerging economies had the conditions to increase the prosperity of young people. An economic growth above the 6 % seemed to be a guarantee to distribute money and resources to everybody, and specially to the young, who have the task of pushing economy to better levels. It did not work. Those countries have lost a unique opportunity to establish a strong basis for prosperity. As the economic situation is getting worse, it is difficult to renew the chance. And we know stability and prosperity are needed to move young away from fanatism and theocratic regimes and approach to democracy.
«A vital lesson of the boom years is that macro-economic improvements alone will not erase the deep inequities that divide the older and younger generations. Institutions in education, employment, and housing and credit markets often work against the welfare of young people and are responsible for their exclusion».
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