Dear WAAS friends,
I just read this excellent report about youth entrepreneurship that could be one of the answers to youth unemployment.
Here is the overview:
Business, governments, and other sectors of society are increasingly recognising that supporting young entrepreneurs can be a highly effective way to reduce youth unemployment and stimulate growth in local communities. The question is, what is the most effective way to do this? For nearly 10 years Youth Business International has been helping to grow a network of independent in-country initiatives around the world that help young people to start their own business and create employment.
This report draws on best practice from the members of our network and other organisations in order to make cross-sectoral recommendations for creating a culture of youth enterprise. It is not intended to provide complete answers but to give a snapshot of what is working in different parts of the world to give young people a chance to become a successful entrepreneur.
Through sharing our insights, we aim to encourage governments and other organisations to give their support to young people who have a great business idea but lack the means, and the support, to set up their own enterprise.
This report is the first in our ‘Making Entrepreneurship Work’ series – providing recommendations for action and examples of best practice in order to promote youth entrepreneurship.
Five key messages
• It is an economic and social imperative to address the youth unemployment challenge – especially at a time of economic slowdown
• Boosting youth enterprise delivers substantial benefits both for the entrepreneur and for the wider economy and society
• Entrepreneurship is not for everybody, but for many it can provide a long-term route out of Poverty
• Making entrepreneurship work is not the responsibility of one sector alone; it requires dedicated actions from all sectors of the community
• Young people need to be encouraged and supported to take advantage of the opportunities of entrepreneurship Five key messages • It is an economic and social imperative to address the youth unemployment challenge – especially at a time of economic slowdown • Boosting youth enterprise delivers substantial benefits both For the complete report: http://www.youthbusiness.org/pdf/RecommendationsforAction.pdf
Futuristically yours, José Cordeiro (www.cordeiro.org) Director, Venezuela Node, The Millennium Project (www.millennium-project.org)
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