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Wednesday, May 30, 2012

Difficulties of starting a business in Africa

According to the World Bank, African nations make it harder for entrepreneurs to succeed than other parts of the world, so why is it so difficult to start a business in Africa?
For example if you want to start a business in Mozambique, it takes 153 days to register a business, with a total of 14 separate steps.
But it isn't always so long-winded. Rwanda was singled out as among the biggest reformers in the past year.
Are you trying to start a business? What problems are you currently facing? How do you maintain a successful business? Is it more difficult if you are a woman?click to view comments of business people in Africa

Thursday, May 24, 2012

A mechanism that could address structural unemployment problem

It’s impossible to know precisely how much unemployment is structural and how much is cyclical, and probably there’s some of both right now. Cyclical unemployment resulting from weak demand is amenable to expansionary government spending or monetary policy. Structural unemployment is harder to fix. Structural joblessness results from things like skills mismatches, and policy to address such mismatches is inherently longer-term in scope, involving education and encouraging innovation. Expansionary policy can't reduce structural unemployment; when that's all that's left, more expansion generates nothing but rising inflation.
click here to view full economist article is more than a policy, but a mechanism that could address structural unemployment problem in the world presently 

Wednesday, May 2, 2012

50M fewer jobs worldwide since '08 due to structural Unemployment

The bleak worldwide employment picture is worsening and is, in some ways, irreversible, according to a United Nations agency report of global unemployment.
"This is not a normal employment slowdown," said the World of Work Report 2012, an annual survey of the global job market. "Four years into the global crisis, labour market imbalances are becoming more structural, and therefore more difficult to eradicate.....This means that they would be unable to obtain new employment even if there were a strong recovery."......
The report, released Monday by the International Labor Organization, based in Geneva, said there are 50 million fewer jobs worldwide than at the start of the economic meltdown in 2008.
.....Pearl Kamer, chief economist for the Long Island Association...said..."There's a structural mismatch of the skill sets of the unemployed and the industries with emerging jobs,...This crisis has been transformational," is different from previous job deficits because, in past recessions, people became unemployed only temporarily because the jobs returned. "Many of the jobs lost are not coming back. The ones that are being created are in technology-intensive industries."

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