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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
GERMAN SUCCESS
·
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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