- Around 1.2 billion young people in developing countries will enter the workforce in the next 10-15 years.
- Only about 400 million jobs are expected to be created, leaving a huge job gap.
- This is not just a development issue, but also an economic and security concern.
- If enough jobs are not created, it could lead to migration, instability, and social pressure.
- If managed well, this young population can become a major growth driver for the global economy.
Three key solutions to create jobs:
- Build strong infrastructure – Improve power, transport, healthcare, education, and skill training.
- Support businesses – Create stable policies and encourage private investment, especially MSMEs.
- Help companies grow – Provide financing and reduce risks so businesses can expand and hire more people.
Focus on high-employment sectors like:
- Energy & infrastructure
- Agriculture
- Healthcare
- Tourism
- Manufacturing
- By 2050, most of the world’s population will live in developing countries, making them key future markets and workforces.
- Early action can turn this demographic shift into an opportunity for growth and stability.