Africa’s Untapped Economic Potential - Wanted: 25 Million Jobs a Year

Delivering sustainable economic growth
Posted Feb 01, 2020 | German Development Institute, Tilman Altenburg

There are presently 360 million people in the African labour force without decent work, and 13 million new individuals enter the labour market each year. To remove the pool of informal work within a single generation and provide employment to those seeking new work, 25 million new jobs must be created each year. Tilman Altenburg warns in this article for the German Development Institute that if this is not achieved, the region risks experiencing unprecedented internal conflict, displacement and migration. He suggests that the countries in the region need future-proof programmes for inclusive structural change to exploit the potential of domestic demand for local labour markets, and identify new export opportunities early and develop them into growth drivers.


https://www.die-gdi.de/uploads/media/German_Development_Institute_Altenburg__27.01.2020.pdf

 

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