Youth and entrepreneurship

Youth unemployment is one of today’s big global challenges. The World Bank estimates we need 600 million new jobs in the next 10 years just to keep global employment rates constant and according to the International Labor Organization, 73.3 million of the world’s unemployed are young people (about 36%). Add ‘under-employed’ youth to this and the number triples; over 169 million young people earn less than US$2 per day. The problem is even greater in rural communities where increasing migration to urban areas around the world means a higher concentration of rural poverty.

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