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report on September 30, 2012, BBC News Business said, “High
youth unemployment is one of the biggest problems confronting societies around
the world.” The International
Labor Organization (ILO) called them the “lost generation” and
says the crisis is still escalating. According to José Manuel Salazar-Xirinachs,
Executive Director of the ILO Employment Sector, “The youth unemployment crisis
can be beaten but only if job creation
for young people becomes a key priority in policy-making and private sector
investment picks up significantly.”
approach that shows real promise is the entrepreneurship model. Generation Enterprise,
an all-volunteer “ youth-led network of small business incubators and community
hubs, launched their pilot project, YouthBank, in 2009 in
Lagos, Nigeria with the support of McKinsey & Company, Oxford University,
the University of Pennsylvania, Seventh Generation Corporation, the Nigeria
Network of NGOs, and Freedom Foundation. Using what they call the GEN model, Generation
Enterprise provides youth with training in entrepreneurship, helps them
generate and test business ideas, works with them to create business plans, helps
them launch their business, and provides financial resources along the way.
I appreciate the quote exdir1 posted from José Manuel Salazar-Xirinachs, it states the answer in very clear terms.
I recognize that the conditions for employment creation vary from region to region. In the US, our economy has great vitality, the headlines notwithstanding, and provides tremendous opportunity for job creation (the stock market tells a truer picture of our potential).
In a services-driven economy there are many challenges that need human power to solve. Social entrepreneurs are finding opportunities in the consumer goods sector (numitea.com), food production (rubiconbakery.com) and hospitality (evergreenlodge.com) to name just a few examples.
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