The Digester

1.2 billion young people will join the workforce in developing countries in the next 10 to 15 years, creating a large job shortfall the World Bank says can be addressed with coordinated investment in infrastructure, a friendlier business environment, and finance to scale businesses.

1.2 billion young people will enter the labor force in developing countries over the next 10 to 15 years.
Current projections expect about 400 million new jobs in that period, leaving an estimated shortfall of roughly 800 million jobs.
If the gap is not closed, risks include strain on institutions, irregular migration, conflict, and rising insecurity.
The World Bank proposes a three-pillar strategy: invest in physical and human infrastructure, create business-friendly rules, and help firms scale with finance and guarantees.
The strategy focuses on five high-employment sectors: infrastructure and energy, agribusiness, primary healthcare, tourism, and value-added manufacturing.
Reducing real and perceived investment risk through public finance and guarantees can attract private capital and turn demographic growth into a major market opportunity.

Creating jobs for 1.2 billion new workers

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