Friday, September 23, 2011

At root cause of unrest lies unemployment

·         Unemployment is common cause for arab uprising, london riots and greek debt crisis
·         Unemployment is now primarily an advanced country phenomenon
·         Develoepd countries account for 15% of world work force but at same time account for 50% of new jobless since 2005
·         European bank for reconstructiona nd development has realised this and is now planning to focus on strengthening small and medium sector in the MENA region

·         Its unemployment rate declined form 10% to a 6% in last 5 years
·         It deregulated the labour market and forced ppeople into taking up jobs

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