What’s up with Jobless Growth?
As most of the developing world seems to be facing a youth bulge in the coming decade combined with already massive amounts of unemployment, the new trend of jobless growth in South Africa is troublesome.
“An inaugural OECD Economic Survey of South Africa, released in July stated that South Africa’s economy needs to grow by 5% a year in order to turn the tide against unemployment which is ‘especially acute for the young.’” In the report the OECD stated that increasing unemployment is one of the major challenges of South Africa.
Sources:South Africa Node July 2010, pg. 2
More on South Africa’s jobless growth:
Link to “Demise or Resilience.” A fee is required to access full article.
Rwanda’s Structural change for job creation
Rwanda is attempting major structural change to build a strong society able to provide jobs and futures for all its citizens. Rwanda is moving away from agriculture into service and ICT jobs in the hopes of moving into a medium economy country by 2020.
Sources:Society for International Development, July 2010 pg. 5
French to English language switch and the cultural and diplomatic background: