CGD in the News

The World Has A Problem: Too Many Young People (New York Times)

March 05, 2016

From article:

By and large, today’s global youth are more likely to be in school than their parents were; they are more connected to the world than any generation before them; and they are in turn more ambitious, which also makes them more prone to getting fed up with what their elders have to offer. Many are in no position to land a decent job at home. And millions are moving, from country to city, and to cities in faraway countries, where they are increasingly unwelcome.

Democratically elected presidents and potentates are equally aware: Aspirations, when thwarted, can be a potent, spiteful force. No longer can you be sure that a large swell of young working-age people will enrich your country, as they did a generation ago in East Asia. “You can’t just say, ‘Hey look, I’ve got a youth bulge, it’s going to be great,’ ” said Charles J. Kenny, an economist at the Washington-based Center for Global Development. “You’ve got to have an economy ready to respond.”

“It is the big development challenge these countries face — more decent jobs,” he added.

Read full article here.