According to the recently released United Nations report (“World Urbanization Prospects”), more than half of humanity now lives in cities. Today, 54% of the world’s population, 3.9 billion people, resides in urban areas, compared to only 30% back in 1950. The report predicts that cities will add an additional 2.5 billion people by 2050, with nearly 90% of this increase happening in Asia and Africa.
This year’s Workforce Development Track of the Making Cents conference saw more than a tenfold increase in proposal submissions and will feature a record number of panelists across nine distinct workforce themed panels. The lineup of proposals and participants provides terrific insight into the range and diversity of workforce issues that the development community and countries at large are grappling with, including public private partnerships, work-based learning interventions, soft-skills measurement, technology applications, career development practices and mentorship programs.
My name is Matthew French and I work for JBS International, Inc. This blog draws upon research conducted under contract with USAID’s office of Education (read the full youth engagement report here), as well as my own experiences working with young people.
The demographic dividend has been touted as a potential source of growth for the African continent and its relatively young population. In the same vein, it comes with the challenge of employment creation that can absorb the large cohort of youth that is set to enter sub-Saharan
Africa’s labor markets in the approaching decades. Less positively, however, countries that fail to plan accordingly might miss these potential opportunities or the resulting youth bulge could increase the risk of social tension and other risks arising from high youth unemployment rates.
According to the World Bank Development Report on Digital Dividends (2016), the rapid spread of digital technologies around the world is boosting economic growth and expands opportunities in many instances; but the benefits of technological changes are not evenly distributed to workers globally. For high-skilled workers, technology in most cases complements their skills, increases their productivity, and often leads to higher wages.
The Global Youth Economic Opportunities Summit is a global convening that brings together 500+ leading stakeholders from 55 countries to connect, exchange, and collaborate. Now in its 11th year, the Summit is the largest convening of its kind in North America for the youth economic opportunities community.
Young people currently make up the largest youth population in history, and throughout the world they face a common challenge: persistent youth unemployment. Citi Foundation, a CGAP member, is investing $100 million globally over the next three years as part of its Pathways to Progress program to prepare 500,000 young people ages 16-24 for today's competitive job market.