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The reasons for unemployment in the developing nations.
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[QUOTE="Phantasm, post: 345226, member: 94599"] Developing world unemployment may result from illiteracy, overpopulation, lack of stability in economy, technology updating and inadequately developed private sector. Most people do not have the know how required for jobs available leading to unskilled labor force. High population growth brings about competition for limited job openings. Insecure economies, poor governance and corruption hinder availability of jobs. Technological advancements can make jobs disappear; especially in farming and factories. Weak private sectors with credit controls & restricted resources prevent employment opportunities. Therefore, these factors make it complicated to address unemployment as an issue in developing nations. [/QUOTE]
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The reasons for unemployment in the developing nations.
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