Given the global financial woes, majority of youth is attracted to stable jobs. This is leading to a declining trend among youth for starting new businesses, especially in the developing countries. Instead of taking risks and launch a start-up, they are rather interested in putting bread on the table, which is a very fair and understandable approach. However, there is a need for development partners, governments, and Banks to promote entrepreneurship among the youth. It will not just turn the job seekers into job providers, it will also help growth.
I believe that the next global economic boom will not come from the industrial tycoons, it will rather come from the young entrepreneurs who will build new businesses for a rapidly changing world.