This note argues that investing in children and youth (C&Y) is smart economics. Countries that produce a skilled, healthy, and productive workforce are better positioned in the global economy to achieve economic prosperity, political stability, and social wellbeing. Since capacities built during childhood and the youth period largely determine adult outcomes, effective investments in young people provide important returns not only to the individual and the community, but to society as a whole.
Recently, savings initiatives for young people have been garnering increasing attention within the development community for their perceived potential to promote both youth development and financial inclusion. This paper surveys current practice to better understand the diverse range of youth savings initiatives under way in developing countries, and the actors promoting them in a range of forms for various objectives. It also gathers the little evidence available on the extent to which such savings initiatives are fulfilling their perceived dual development potential.
Youth are three times more likely to be unemployed than adults, even in economies with strong economic growth (ILO, 2008). This begs the question of what is it about youth that leads to such high rates of unemployment? And what can be done to help young people more efficiently integrate into the labor market?
This Note is a tool to provide policymakers and youth-serving organizations with a framework to better diagnose short- to medium-run constraints facing the stock of unemployed youth and to design evidence based youth employment interventions.
Overcoming the related challenges of child labour and the lack of decent work opportunities for youth will be critical to Rwanda’s progress towards the Millennium Development Goals. The effects of child labour and poor youth employment outcomes are well-documented: both can lead to social vulnerability and societal marginalisation, and both can permanently impair productive potential and therefore influence lifetime patterns of employment and pay.
The Youth Economic Opportunities learning platform is the first community of practice and knowledge exchange portal developed by and for the youth economic opportunities sector. The online portal offers an open and innovative environment for collaborative and dynamic learning and knowledge sharing around the following technical areas and cross-cutting themes: Workforce Development, Financial Services, Enterprise Development, Gender, and Evaluation & Assessment. We are dedicated to: Connecting and sharing knowledge, experiences, and lessons learned; Exchanging the latest resources, jobs, and funding opportunities; and Impacting the world’s 1.8 billion young people.