Post by Philroy Hinds on Aug 23, 2013 7:37:02 GMT -5
Entrepreneurship Development in Countries (especially Third World
Countries) as a viable means for Achieving Economic Growth and
Development
Rapporteur, Working Group on Development, Environment, Agriculture, Governance & Democracy
Samuel Azubuike Duru*
Global Issues Department
International Youth Council (IYC), USA
Introduction
The UN’s Millennium Development Goals (MDG) give a good summary of most of the major
challenges facing the world today, but what we are short of, are the ways to actually trigger and
sustain sufficient levels of action to make change happen timeously.
Poverty and unemployment remain daunting social development challenges, especially at the base
of the pyramid. Today, our world faces an emerging problem of youth population boom, as 50% of
world’s population is below the age of 26. An estimated 1.2 billion young people will enter the labour
market in the next 10 years while only 300 million jobs await, and the gap between education, skills
and jobs will continue to increase.
Entrepreneurship and innovation are the sine qua non for mitigating poverty and unemployment,
hence, should be supported and put to the best possible use. Encouraging young adults to make
use of the power of their imagination and creativity is important in creating a poverty-free world.
The youth are the most affected demographic group by poverty and unemployment. Thus, sharpening
their visibility to economic opportunities beyond employment through involvement in entrepreneurial
endeavors, such as Small and Medium-scale Enterprises (SMEs), is fundamental for local social
upliftment.
By encouraging self-sufficiency and self-employment through self-discovery, innovation, creativity
and entrepreneurship we are sure to achieve lasting economic opportunities for sustainable
livelihood for all. This recommendation is a strategy which countries can adopt. First, to help them
meet up with their UN MDGs as well as Post-2015 Development envisions; and secondly, for the
sustainable socioeconomic development of these countries.
(See Full Strategy in Attachment)
Countries) as a viable means for Achieving Economic Growth and
Development
Rapporteur, Working Group on Development, Environment, Agriculture, Governance & Democracy
Samuel Azubuike Duru*
Global Issues Department
International Youth Council (IYC), USA
Introduction
The UN’s Millennium Development Goals (MDG) give a good summary of most of the major
challenges facing the world today, but what we are short of, are the ways to actually trigger and
sustain sufficient levels of action to make change happen timeously.
Poverty and unemployment remain daunting social development challenges, especially at the base
of the pyramid. Today, our world faces an emerging problem of youth population boom, as 50% of
world’s population is below the age of 26. An estimated 1.2 billion young people will enter the labour
market in the next 10 years while only 300 million jobs await, and the gap between education, skills
and jobs will continue to increase.
Entrepreneurship and innovation are the sine qua non for mitigating poverty and unemployment,
hence, should be supported and put to the best possible use. Encouraging young adults to make
use of the power of their imagination and creativity is important in creating a poverty-free world.
The youth are the most affected demographic group by poverty and unemployment. Thus, sharpening
their visibility to economic opportunities beyond employment through involvement in entrepreneurial
endeavors, such as Small and Medium-scale Enterprises (SMEs), is fundamental for local social
upliftment.
By encouraging self-sufficiency and self-employment through self-discovery, innovation, creativity
and entrepreneurship we are sure to achieve lasting economic opportunities for sustainable
livelihood for all. This recommendation is a strategy which countries can adopt. First, to help them
meet up with their UN MDGs as well as Post-2015 Development envisions; and secondly, for the
sustainable socioeconomic development of these countries.
(See Full Strategy in Attachment)