What do you think there is higher levels of unemployment in the developing countries.
- Thread starter Stardom22
- Start date
The reason is not far fetched. The level of development is low and could not sustain the human resources available. There is few industries, organizations, institutions where people can be employed. Secondly, there is poor development of human resources thereby people are not educated to level of been productive.
Corruption is one of the main reasons why many developing countries suffer. Poor administration and bad management is also to be blamed as well.
In most cases it is usually due to the high level or corruption within this third world countries. The government of these countries tend to focus on themselves more than actually creating more jobs to ensure a better standard of living for everyone.
The challenge is that there is a low level of private sector participation in the economy. It is the private sector that creates jobs.
Poor economic growth and infrastructure discourage local and foreign investment. There are not enough companies which offer job opportunities to the workforce. In addition, corruption in developing countries lead to poor administration. The government does not come up with effective policies to improve the economic situation of the country.
