Global Youth Unemployment: 2013 WEF

January 23, 2013  |  30 comments

By Amy Rosen
NFTE President & CEO

Here at the World Economic Forum, it is clear that big issues like how to jumpstart the economy, the need to foster small business development as an engine of job creation, and preparing today’s youth to be tomorrow’s skilled workforce but smarter, better, entrepreneurial are on the minds of all CEOs and corporate leaders.

The youth unemployment crisis is widespread. In the Middle East and North Africa, the WEF Global Agenda Council on Youth Unemployment, of which I am a member, found that approximately 25% of young people do not have a job.  The council’s new white paper found that, “youth unemployment threatens societies in developed economies, too. The financial crisis has become a socio-economic crisis impacting the young by increasing the burden of debt, creating a lack of job opportunities, causing resource degradation and decreasing the overall quality of life.”

Preparing youth to squarely face the new global economy will mean nurturing them to think differently; to acquire perspectives and habits they will need to succeed academically, personally and professionally; and to be economically competitive locally and globally. Whether they own a business or work for one, they will need to acquire an entrepreneurial mindset.

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