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| US-based Latino Youth: The Engine of Empowerment for Latin American Youth? |
 PRINTABLE VERSION |
The US-based Latino population, a large part of which identifies strongly with its Latino heritage, is in a unique position to be a possible engine of empowerment for Latin America. A large portion of US-based Latino earnings become remittances that revitalize entire communities in Latin America. In 2003, remittances from US-based Latinos reached the unprecedented level of $30 billion, greater than total Foreign Direct Investment into the region. Yet their impact is temporary and does not foster long term growth among Latinos on either side of the border. Participation in the Information Society and new technology-driven services and industries could revitalize the Latino population on both sides of the border, but it is clear that US-based Latinos are in the best position to be the first to act.
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Federico Baradello
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