The global labour market situation remains uneven and fragile. True, there are encouraging signs of economic recovery in those advanced economies most affected by the global financial crisis which erupted in 2008. Also, a number of emerging and developing countries − including recently in Sub-Saharan Africa − are enjoying relatively robust economic growth. The world economy may thus be growing somewhat faster than over the past three years.
Youth guarantees are gaining prominence in the fight against the current youth employment crisis. The concept of youth guarantee implies an entitlement to a job, training or education of a defined group of young people seeking employment and an obligation for the Public Employment Service (PES) or another public authority to provide the services and/or implement the programmes within a given period of time. Several countries in Europe have positive experiences with guarantee schemes.
Sub-Saharan Africa faces a paradox that has global relevance and implications: it will be home to the largest youth population in the world by 2050 and although literacy rates (by 6%) and education enrollment rates (by 9%) have been on the rise, youth unemployment continues to hover above 60% across the region. How will African youth create or secure sustainable and meaningful livelihoods? And more specifically, who is responsible for youth employment in Africa?
This fall, 70 young adults will congregate in Croatia for 10x10, a hackathon to tackle challenges facing education on a global level.
Innovative technology is poised to revolutionize the way people learn on a global level. With countries from around the world being represented on teams, the diversity in cultures and experience will contribute to new perspectives on such a universal subject as education.
This Regular Economic Report (RER) is a semiannual publication of the Europe and Central Asia Region, Poverty Reduction and Economic Management Department (ECA PREM), The World Bank. It covers economic developments, prospects, and policies in 11 European Union (EU) member states that joined after 2004 (excluding Cyprus and Malta) — Estonia, Latvia, and Lithuania (North); the Czech Republic, Hungary, Poland, and the Slovak Republic, (Continental); and Bulgaria, Croatia, Romania and Slovenia (South). Throughout the RER, for simplicity, we refer to this group of eleven countries as the EU11.
Over the past two decades there have been major improvements in girls’ education. In 1990, less than 50 percent of girls in low-income countries were enrolled in primary school; today that figure has climbed to nearly 80 percent. However, much work remains to be done. Thirty million girls still miss out on basic education, and the challenge for those that now attend school is that they learn while there. Indeed, 250 million children cannot read or write, even after many of them have spent four years in school.
The young man at the Apple Genius Bar asked me what kind of work I did while he was trying to fix my laptop last week. I told him, “I work on creating good jobs and higher skills in developing countries.” I also told him that 87% of the planet’s 1.2 billion 16-24 year olds live in developing countries where there are few good jobs and where the education and training systems are often completely out of synch with the needs of modern economies. He appeared interested, so I continued: “3 out of 5 of all the unemployed in sub-Saharan Africa are youth people living on less than $2/day.
Citizen Diplomacy Network, Center for Citizen Diplomacy
Jun 23, 2014 (03:00pm to 04:00pm)
Exchanging Understanding: How Citizen Exchange and Economic Opportunity Are Shaping the Future of Eastern Europe
The perspective of Ukraine's youth has been significantly shaped by citizen exchange programs, such as those made possible by Fulbright, Muskie, and the Soros Foundation, which have offered a glimpse of the brighter future of a democratic European state.