...Unemployment Problem and Its Causes Based On 2007 Economics Report of Bangladesh. Unemployment Problem and Its Causes Based On 2007 Economics Report of Bangladesh. Prepared for SHAMIM EHSANUL HAQUE Course Instructor BUS: 201 Prepared by SAIMA AFREEN (06304018) HUMAIRA NAZIA (07204013) ZOBAIDA MAHBUB ZEFRY (07304026) A.A.M SHAHRIAR HASAN KHAN (07304038) QUAZI MOFFAKKAR HOSSAIN (073040 Section: 01 Date of submission 4th December, 2008 MEMORANDUM To: Shamim Ehsanul Haque From: Saima Date: December 4th, 2008 Sub: Submission of the report titled Unemployment Problem and Its Causes. In accordance to your advice here is the report on “Unemployment Problem and Its Causes” that we are submitting on 4 December, 2008 which was assigned during the last part of semester Fall 08. To serve our purpose, we have followed standard research methodology to extract our findings. We have applied sophisticated analysis techniques to get consistent and sound output. As per the direction of yours, we have tried our best to highlight our findings through applying our acquired concepts and models. As a BBA student we appreciate having this assignment. We sincerely hope this report will fulfill the requirements for the course of Business Communication. Thanks for giving us the opportunity to work on this assignment. It’s...
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...IV. Unemployment among Indian youth: An overview The preceding review of the Indian efforts at formulating the policies to mitigate youth unemployment has highlighted the difficulties of attacking the problem in a continental country. It has indicated that it is difficult to obtain precise estimates of the number and proportion of the youth in the country and the level of unemployment among them. The widespread errors of age reporting, which result from the high level of illiteracy and the lack of awareness about the date of birth, are a serious problem. (a) Facts of the Situation There are marked differences between estimates of the number and proportion of youth based on the decennial censuses and the sample surveys, as well as the Sample Registration System. The projections made by different agencies such as the Office of the Registrar General on behalf of the Planning Commission and the United Nations also differ with respect to the number and relative share of the youth in the population. However, according to the best national estimates, the youth formed about 18.5 to 19 percent of the national population in the early 1990s, and numbered about 159 million at the time of the 1991 Census. Over 53 percent of them (85 million) were in the labour force. By 2001, the number of youth is projected to rise to 212 million, and the number of youth in the labour force to 107 million (almost 23.6 percent of the projected total labour force of 453 million). The data...
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...standards. Kuwaiti society is facing a major issue which is a high unemployment rate that is caused by the huge growth of population. This problem creates jobless to the Kuwaiti youths and most of the fresh graduates stay without finding a job for a long period of time. This essay will examine the current general situation regarding Kuwait youth employment. Also, it will look at the problem as well as the solutions to the current state. The current situation is Kuwaiti population is increasing significantly while there are not enough jobs that meet this growth which leads to a high unemployment rate especially for the youths. Moreover, fresh graduates can’t find jobs easily these days due to this growth and the economic structure for the country as well. In addition, in Kuwait, there is a huge depend on a foreign labor instead of Kuwaiti young citizens (Al-Tameemi, 2014). Also, the private sector does not play a major role for providing new jobs for the Kuwaiti youths in order to reduce the unemployment rate. “It is now time for the concerned authorities in the country to rethink the educational strategy and policies to meet the demands of the growing population of Kuwaiti youths” (Al-Tameemi, 2014). Moreover, in Kuwait, there is no strategic plan for Kuwaiti youth graduates in order to meet the huge growth of population. (Al-Tameemi, 2014). The desired state is to reduce the unemployment rate in Kuwait especially the youths and the market absorbs most of these young Kuwaitis. In addition...
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...provides income to poor families, revives domestic demand for goods and services, and stimulates overall growth. Socially, employment promotes social healing and improves social welfare. This essay focuses on how we can create and expand employment opportunities in Nigeria in order to solve Nigeria’s security challenges. This essay starts by giving an overview of the Nigerian employment landscape since Independence, it then adapts Joachim Von Braun’s Employment generation chain to schematically explain the economic impact of employment creation, and finally it proffers solution on how Nigeria can create jobs for its population in order to live in a safer Nigeria. The Nigerian Employment Landscape Employment generation is a primary economic development goal of every industrializing nation. More jobs generally mean more economic activities, more tax revenues for the government, and less idle time. Job growth permits the expansion and improvement of public goods and services, leading to an improved quality of life and enhanced prospects for future employment growth. In addition, a vibrant job market provides an incentive for citizens to continue their education since the rewards for such are evident in better employment opportunities. While an expanding job market encourages workers to upgrade their skills in order to qualify for available higher wage jobs, sustained job growth stimulates improvements in the education and skills of the labour force, making the nation a more attractive...
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...TERM PAPER UNEMPLOYMENT AND ITS SITUATION IN ASIA Submitted to: Sir Abdul Farooq Submitted by: Muzammil Shahid (10) Ifzal Ahmed (09) Hajra Fazal(29) Adeel Abid(08) (F005-BBA) Date: 11, December 2006 Contents 1. Introduction 3 1.1 Statement of problem 3 1.2 Objectives of Study 6 1.3 Methodology and source 7 1.4 Organization 7 2. Review of literature 8 3. Analysis of Data 23 3.1 Global Causes of Unemployment 23 ...
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...capital city in terms of population growth rate. Its population grew from less than 20,000 residents in 1991 to an estimated excess over a million at present. This astronomical growth in population followed the creation of Abia State in 1991 and the subsequent change in the status of Umuahia as a state capital territory. Following this tremendous rise in population, Umuahia North metropolis which is the core capital city now has a teaming population of youths, most of whom are unemployed. This study was conceptualized against the backdrop of the increasing social and economic problems associated with youth unemployment in the metropolis. Some effort was made to characterize youth unemployment in the city from the perspective of the socio-economic and labour market perceptions of a sample of 220 youths drawn from areas with varying residential configurations. The sample randomly included youths, unemployed and employed in order to provide some basic counterbalancing assessment of the situation. It was found that youth unemployment in the town shared common characteristics with that observed in several other cities in the developing world. In particular, age of respondent was found to be inversely related to level of unemployment, hence suggesting that unemployment in the city was most pronounced among youths. Educational attainment and job preference were interrelated variables which had direct relationship with unemployment level. It was particularly noted that...
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...Thesis statement: Research indicates that there is drastic increase of crime rates due to the high levels of unemployment, harsh economic conditions population density. Annotated Bibliography Fougère, D., Kramarz, F., & Pouget, J. (2009). Youth Unemployment and Crime in France. Journal Of The European Economic Association, 7(5), 909-938 Fougère, Kramarz, & Pouget have argued that when there is a large number of youths who are unemployed, the country may have increased criminal activities as most of them are idle and thus, they must find different ways in which they can earn a living to cater for their needs. Additionally, the economic also tends to affect the image of the country in terms of crime. The article seems to have facts that are accurate. This is because the author has presented different examples in order to support his arguments.. This author is a credible source because has a PhD in Economics from Univeriste Paris and he is a Professor at Ensae University. The article supports the statistics in the relation between crime rate rise and unemployment. Edmark, K. (2005). Unemployment and Crime: Is There a Connection?. Scandinavian Journal Of Economics, 107(2), 353-373. The main aim of the above article is to address whether there are any connection between the rate of unemployment and crimes. According to Edmark, lack of job may result in a higher rate of criminal acts. This is due to the fact that most of the people seem to be jobless and thus, they may attempt...
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...GDN Working Paper Series Education, Training and Youth Unemployment in Kenya Joy Kiiru, Eldah Onsomu and Fredrick Wamalwa Working Paper No. 26 October 2009 About GDN The Global Development Network (GDN) is a leading International Organization of developing and transition country researchers and policy and research institutes promoting the generation, sharing, and application to policy of multidisciplinary knowledge for the purpose of development. Founded in 1999, GDN is now headquartered in New Delhi, with offices in Cairo and Washington DC. This Working Paper has been prepared within the GDN’s Global Research Project Institutional Capacity Strengthening of African Public Policy Institutes to Support Inclusive Growth and the MDGs. The project has been fully funded by the United Nations Development Programme’s (UNDP) Bureau for Development Policy (BDP) and Regional Bureau for Africa (RBA). The views expressed in this publication are those of the author(s) alone. © GDN, 2009 2 Education, Training and Youth Unemployment in Kenya Joy Kiiru, Eldah Onsomu and Fredrick Wamalwa 1 Abstract Young people in Kenya constitute 30% of total population while youth unemployment constitutes 78% of total unemployment. In nearly all developing countries the rate of urban unemployment in the 15-24 age group is at least double the rate of all other age groups. These high rates of urban unemployment in this age bracket are also seen in developed countries, although the rates are far lower than...
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...impacts such as increased international trade, increased competition and an overall increase in economic growth, this has been coupled with issues such as increased domestic unemployment, a heavier reliance on other countries for domestic growth and an increase in economic inequality. To deal with these economic issues the government employs countercyclical strategies that are designed to resolve or minimize these issues. Such examples of current strategies that the government has employed are: a contractionary fiscal policy which attempts to decrease government spending in inefficient sectors in order to increase long term economic growth, investment in infrastructure, attempting to increase the incentive for employment of those over the age of 50 through subsidies, and reducing the incentive for welfare payments. Unemployment is an on going and current issue as the short and long term prospects seem uncertain in the globalized economy. Possible reasons as to why in recent months the unemployment rate was at its highest since the global financial crisis are: a shift in production patterns, a decrease in demand for labour and consistent long term unemployment. In dealing with these issues the government has implemented policies in the 2014/15 Federal budget, such as cuts to welfare and business subsidies to incentivize employing those aged over 50. In addressing increasing unemployment issues, which exceed demand for labour, the government has implemented policy such as reducing...
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...A report evaluating the Unemployment in EU with specific focus in the UK for the last 3-4 years. By Name Institution of Affiliation Introduction The 28-member European Union is the largest single market in the world trading power. Its economic policy seeks to enhance and sustain growth among member states, through investments in the transport, research and energy sectors. The union`s policy decision making structure is headed by the European Parliament, which acts as the legislature in collaboration with the union council. The parliament and the council review all the proposals made brought forth by the union`s Commission, from which they make amendments. Before the Commission proposes new initiatives such as how to counter unemployment, it consults the interested parties such as non-governmental organizations, members of the public and the local governments. The European Union policies have had major economic benefits to the 28 members most which are attributable to economic integration. This paper assesses the challenges the EU has faced as far as unemployment is concerned and the policies that she has put in place to curb the unemployment challenge among the member states. The United Kingdom, joined the EU in 1973 and has since then been a member of the union. The UK provides more than 100 representatives in different commission of the Union, including the European Parliament. The expenditure by the UK in the EU is slightly higher in comparison with what the UK receives...
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...An account of UK unemployment over the past 5 years Unemployment is a widely discussed problem, especially in recent years when the rate of unemployment has grown rapidly, mainly because of the global financial crisis of 2007-2009. The loss of a job is probably one of the most distressing events that could occur in the overall economy and in a person's life. This is a change not only in an economic sense, but in a psychological too. People inevitably depend on their earnings and a job loss in many cases means that they will not be able to maintain the same standard of living as before. Furthermore, the notion of future hardships has a great impact on the personality, as his or her common habits so far have to be somehow modified to suit the new lifestyle, based on the new income. This often leads to a psychological instability, triggered by a lowered self-esteem, and moreover, a decrease in morality levels which is the main reason why crime rates among young people are higher in the past five years. Apart from the impact on a personal level, there are some inevitable issues from an economic point of view, which derive from high unemployment and which inevitably affect the national economy. As we all know, the economic conditions of the country are absolutely vital to the ratio of unemployment. Every single event that has had an impact on the overall economy has affected the employment rates, whether positively or negatively orientated. It is of great importance...
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...Reshaping the World through Entrepreneurship, Education and Employment: - The world economic forum in Davos discussed how the reshaping of the world could be brought about through Entrepreneurship, Education and Employment. The speakers were Professor Klaus Schwab, President Park Gun-Hye, and President Ellen Johnson-Sirleaf. President Park addresses the issues of slow growth, high unemployment and income inequality. A new course has to be taken towards creative economy and entrepreneurship. This can be achieved through robust international co-ordination along with national responses of focus, discipline and values. The world has to deal with climate change and natural resource depletion. The existing macroeconomics labour policies need a paradigm shift. Growth should be sustainable and inclusive. The world needs a mechanism to break through the constraints to reshape it. The creative ideas of single person can transform the world. Creative economy is the mantra for the future. Today creative economy should tap the brilliance of the human brain, innovating the way ahead with science and information technology and create employment. A creative mind innovates ideas, which should be developed by entrepreneurs. The key is to encourage entrepreneurs. All barriers should be eliminated. A financial system should be developed to give support to the entrepreneurs, ensuring a loan free support, using investment capital method. The governments should encourage an ecosystem, which...
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...ABASTRACT An increase in the literacy rate seems to be one of the key ingredients in the economic growth and development of a nation. Growth rate of India is the second highest in the world after china. It is believed that the principle reason behind the Indian progress is its youth force, highest in number in the world. However with increase in the number of schools and colleges, enrollment rates, literacy rate etc, Indian youth are not only unemployed but still unemployable and this would remain one of a grave and serious policy issue to India for many upcoming years. This paper will examine the role of higher education reforms in eradicating the problems of unemployment. * To focus on present Education system of India. * To focus on present employment and unemployment scenario of educated youth in India. * To shed light on the necessary suggestion & recommendation for the betterment of educated youth. Glimpse of Indian Education System. * Elementary education in India lays emphasis up to the age of 14 years. Government is the largest provider and facilitator of educational in India, almost 80% recognized Schools are run by government. * 27% of Indian children are privately educated due to poor standard of public education. * India is facing a severe challenge. 26% of its population is still illiterate, 15% of Indian students reach high school and just 7% reaches to graduate level. (Zareer Masani, 2008). *...
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...INTRODUCTION OF MORE UNEMPOLYMENT THAN EMPLOYMENT Unemployment is simply the state of not having a job. Unemployment or joblessness occurs when people are without work and are actively seeking for one. Africa is deeply affected with a high rate of unemployment especially among the youth. Africa is now having the most youthful population in the world with the youth covering close to between 60% and 70% of the continents population. This menace poses great threats to the strength and growth of Africa. Though unemployment is seen manifested all over the world, the case of Africa is very dilapidating to say the least. Unemployment in Africa is manifested in seasonal layoffs (e.g., in agricultural jobs), technological changes in industry (particularly by increased automation), racial discrimination, lack of adequate skills by the worker, or fluctuations in the economy. In a 2011 news story, Business Week reported, "More than 200 million people globally are out of work, a record high, as almost two-thirds of advanced economies and half of developing countries are experiencing a slowdown in employment growth". This is not very encouraging and therefore drastic measures must be instigated to curb this situation. Unemployment is one of the most serious problems facing the African continent. In accordance with IMF/World Bank conditions, most of the African countries applying structural adjustment measures have retrenched large number of public-sector workers. In February 1995, for...
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...Technology & Sciences Topic: Unemployment Problem in Bangladesh Course title: Introduction to Sociology Course Code: HUM– 381 Department: Bachelor of Business Administration Prepared for- Mohit Prodhan Lecturer of Sociology School of Liberal Arts Prepared by- Rawnak Razzak (ID: 08310026) Afsana Khanom (ID: 08410001) Sadi Muhammad Naved (ID: 08410056) Sharmin Zaman (ID: 08410023) Date of Submission: April 10, 2011 10th April, 2011 Mohit Prodhan BBA, MBA (DU) Lecturer Faculty, School of Liberal Arts UNIVERSITY OF INFORMATION TECHONOLOGY & SCIENCES Subject: Submission of the report on “Unemployment Problem in Bangladesh” Dear Sir, With humble submission we want to thank you for assigning us the pragmatic report on “Unemployment Problem in Bangladesh”. We have really enjoyed the various stapes preparing the report. We have made a strong group works and have also collected different data from Online. We think this report enriches our practical knowledge on Sociology. There may be some mistakes. We think the mistakes in the report will be kindly excused. With thanks and best regards. Sincerely yours, Rawnak Razzak 08310026 Afsana Khanom 08410001 Sadi Muhammed Naved 08410056 Sharmin Zaman 08410023 BBA Faculty, School of Business University of Information Technology and Sciences. ------------------------------------------------- Acknowledgment Our project was to Unemployment Problem in Bangladesh. We chose...
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