Job creation is the only path to economic and political stability, according to World Bank
The global economy will need to have created 600 million new jobs between 2005 and 2020 to absorb young people entering the work force, spur development, empower women and prevent unrest, the World Bank said.
In its World Development Report released on Monday, the bank said jobs should be at the top of governments' agendas less than two years after the lack of employment opportunities helped fuel the uprisings that toppled leaders in Egypt and Tunisia.
The effects extend beyond the economic sphere, making job creation a cornerstone to development, the World Development Report said.
- A blessing in disguise? UAE unemployment pushing youth towards entrepeneurship
- Why, despite all the insecurity, foreign students still flock to Lebanon to learn Arabic
- Overhaul or overkill? Gulf countries to spend $150 billion on education reform
- There's no faking it: tampering degrees in the UAE can surely land you in jail
- Is an MBA degree worth it?
- 600 million jobs needed in 10 years
- World Bank supports knowledge and learning needs of the Middle East
- World Bank sponsors second Knowledge for Development Forum for the Middle East
- World Bank: Middle East and North Africa region experiencing economic boom
- Arab world needs jobs, better governance, investment