Please also see the Feature story about the Jobs debate.
This event was one of the official Program of Seminars that took place during the 2011 Annual Meetings of the World Bank Group and the International Monetary Fund.
The debate is also part of an ongoing series of Global and Regional Development Debates that provide a platform for capturing, distilling, and disseminating knowledge on current cross-cutting topics.
The audience included Annual Meetings participants from visiting country delegations, as well as participants from several selected country sites. These sites were: Jordan, Kenya, Mexico, and Uganda.
What drives job creation? This has become a challenging question in both developed and developing countries. For example, social unrest in a number of Middle East and North Africa (MENA) countries has captured global attention because of its speed and contagion effects. While there are a number of contributing factors, stubbornly high levels of unemployment, particularly among youth, are a major source of dissatisfaction in the Middle East. High unemployment has persisted even though a number of countries in the region have experienced strong economic growth in the past decade.
Therefore policies, complementing the ones being used to enhance economic growth, may be needed to stimulate employment creation. The unemployment problem is exacerbated by the youthful demographic bulge that calls for the creation of millions of jobs a year for the next 20 years in MENA, South Asia, and Africa. In addition, because many of the unemployed or underemployed are tertiary level graduates, mere employment creation may not suffice.
You may also be interested in attending the e-Institute's 4-week "Policies for Jobs" e-course! It will be offered October 03, 2011 to October 31, 2011 (Application deadline: September 23, 2011); and again February 20, 2012 to March 19, 2012 (Application deadline: January 31, 2012).