Did you know that in many regions, unemployment among youth is easily 2-3 times higher than for adults. Especially in developing countries, the school-to-work transition can be a long and tedious process, during which young people leave school, become jobless and spend time moving between unemployment, inactivity and informal employment. In fact, youth have often been found to effectively act as a "buffer," absorbing shocks disproportionately during negative business cycles, but not benefiting accordingly during economic booms.
What is it like for youth in your country? And is the global financial crisis impacting the situation still further?
The World Bank's Y2Y Global Youth Conference is holding an essay contest on this topic, and wants your ideas on the questions:
What are the constraints to youth entrepreneurship in your country? Has the global crisis changed the dynamics? How can governments help young entrepreneurs to create and further develop their social and productive ventures?
For more info, visit the Y2Y Community website.
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