I met Gilford Jirigani at a workshop in Port Moresby a few months ago. What struck me about him was his natural confidence and poise as he captured the audience’s attention - including mine-as he told us how one project changed his life. He went from being an unemployed kid, down and out and unclear about his life in the city, to eventually becoming one of the pioneers of a youth program aimed at increasing the employability of unemployed youth in Port Moresby in 2012.
|By 2016, around 12.4 million Filipinos would be unemployed, underemployed, or would have to work or create work for themselves in the low pay informal sector by selling goods like many seen here in Quiapo, Manila.|
The Philippines faces an enormous jobs challenge. Good jobs—meaning jobs that raise real wages or bring people out of poverty—needed to be provided to 3 million unemployed and 7 million underemployed Filipinos—that is those who do not get enough pay and are looking for more work—as of 2012.
In addition, good jobs need to be provided to around 1.15 million Filipinos who will enter the labor force every year from 2013 to 2016. That is a total of 14.6 million jobs that need to be created through 2016.
Did you know that every year in the last decade, only 1 out of every 4 new jobseeker gets a good job? Of the 500,000 college graduates every year, roughly half or only 240,000 are absorbed in the formal sector such as business process outsourcing (BPO) industry (52,000), manufacturing (20,000), and other industries such as finance and real estate.
Mongolia’s mining revenues are set to soar in the coming years, but here people talk about the need to save for the future.
Surely building infrastructure, educating young Mongolians, improving healthcare and creating jobs is important? Surely by achieving these development goals Mongolia is providing for the next generation? These are great questions. Mongolia must do these things. But they in turn depend on efforts to prevent boom and bust and provide financial assets for future generations. Saving some of the revenues in good times is part of effective natural resource management.
|Manothip met her first customers at an entrepreneurship fair for young people in Laos.|
How does one turn a creative idea into a profitable business? In my case, it started with a bag.
|The report says that a highly-educated, healthier and skilled workforce will enhance productivity.|
Economic news coming from the Philippines is surprisingly positive, and this has not gone unnoticed in international circles, judging by the number of inquiries we—the World Bank economic team in Manila that I am now leading—are getting. Our GDP growth forecast for 2012 (included in the new Philippines Quarterly Update report) is a solid 4.6 percent, while the first quarter saw an even more respectable growth rate of 6.4 percent. Other good news: foreign direct investment doubled in the first quarter, exports were up by 18 percent, and two ratings agencies upgraded their outlook on the Philippines.
However, the economy faces two challenges going forward: it will need to defend itself against a global slowdown, and it will also need to create a more inclusive growth pattern—one that creates more and better jobs, because performance on job creation has not been part of the positive news coming from the Philippines for quite a while now.
It’s now evident that people in developing countries have access to the internet and mobile phones like never before, which (as I recently wrote about) may lead to increased economic growth, job creation and good governance. A huge piece of this broad puzzle is mobile banking, and utilizing mobile phones to bring financial services to people who wouldn't otherwise have access to banks ("unbanked").
A new study, released last month by the Consultative Group to Assist the Poor (CGAP) and GSMA, estimates that there are more than one billion people worldwide who are unbanked, yet have access to mobile phones. And by 2012, that number is expected to grow to 1.7 billion people.
|Students take a computer course at a private school in Cambodia.|
A number of fascinating web-related findings came out of a World Bank report, released this week, which ties Internet and mobile phone access in developing countries to economic growth, job creation and good governance. Connectivity in the developing world seems to be better than ever. In developing countries worldwide, there are currently three billion mobile phone users, and the number of Internet users in developing countries increased by 10 times between 2000 and 2007.
In East Asian and Pacific countries, the number of Internet users (15 percent) was slightly above the developing-country average in 2007 (13 percent), but was still below the world average that year (22 percent). The connectivity and access to new information and communications technologies changes the way companies and governments do business, while bringing vital health, financial and other market information to people like never before.
While India is the clear leader in creating information technology-related jobs, China and the Philippines both stand out as benefiting by generating new job opportunities. And within the industry, the Philippines is also notable, because its IT services workforce is made up of 65 percent women, who hold more high-paying jobs than in most other sectors of the economy.
You can take your own look at the statistics compiled on each country, or create your own custom reports, from the IC4D Data & Methodology page.