At the Global Voices on Poverty discussion on ending poverty during the World Bank-Fund Spring Meetings, Muhammad Yunus talked about the pressing need to engage young people and leverage their creative capacity in order to end poverty. He noted that young people are a completely different force that could be engaged on larger social issues – e.g., reforesting a country like Haiti – and that this could be accomplished via social business funds.
Given the recent gloom on youth unemployment, could social entrepreneurship be a silver lining? Certainly the global challenges are many and large. But so are the youth populations in many countries. Instead of reaping the demographic dividends, many countries fear future instability owing to the very large youth bulge. The Economist, in a recent article “Youth unemployment: Generation jobless,” calculates that all told, almost 290,000,000 (almost a quarter of the planet’s youth) are neither working nor studying.
The article goes on to say, “Countries with the lowest youth jobless rates have a close relationship between education and work. Germany has a long tradition of high-quality vocational education and apprenticeships, which in recent years have helped it reduce youth unemployment despite only modest growth.”
This makes it all the more important to seek ways to engage young people and forge such links. And soon.
Photo: Maya with Muhammad Yunus