In partnership with the Economic Research Forum, the World Bank in Cairo launched two successful Youth Essay Competitions. The goal was to give young Egyptians the opportunity to develop constructive and innovative solutions for existing development challenges. With 189 member countries, staff from more 170 youth and social service essay, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. World Bank in Cairo launched two successful Youth Essay Competitions. This activity was implemented as part of the World Bank’s Youth Engagement Technical Assistance, which aims to promote and mainstream youth inclusion in Egypt through the World Bank portfolio. The goal of these Competitions was to give young Egyptians the opportunity to develop constructive and innovative solutions to address existing development challenges in their country.
This paper argues that increasing job creation is a necessary but not sufficient condition to solve youth unemployment in Egypt as many employers reported having difficulty filling current job vacancies due to skills shortage. Therefore, there is a need to refocus Active Labor Market Policies on building a skilled labor force to support the reintegration of the unemployed into the labor market. This paper aims to identify the roots of unemployment in Egypt, which stem from the increased supply of unqualified labor, mostly working in the informal sector, and the unavailability of formal jobs to absorb this supply. Although there is no magic formula to deal with youth unemployment that is fit for all economic contexts, Egypt can still gain valuable insights, from the experiences of similarly developing economies combating unemployment like India, Mexico, Kenya, and Malaysia. CAN THE PRIVATE SECTOR BE THE SOLUTION TO YOUTH UNEMPLOYMENT AND POVERTY? As the state is overwhelmed with many local and regional matters, this paper explores how the private sector, given the right conditions, can provide a solution. To work on decreasing unemployment rates, the emphasis has been placed on searching for labor-intensive investment opportunities, which fit for university and post-graduation degree holders.
As a result of the research, an opportunity has been identified for Egypt to expand in outsourcing, as Egypt enjoys several investment-friendly advantages in this field, since it was ranked high among the countries providing outsourcing services, owing to the low living standards therein. In its introduction, the essay quickly explains the risks of the unemployment crisis and its impact on both the developing and developed countries. Egypt and eradication of unemployment on a gradual basis. Audretsch’s economic models to identify the ideal equilibrium most conducive to growth. This is known as the experimental equilibrium where good entrepreneurs are more likely to start again until they make it big. This is most efficient in innovative sectors as there is a greater chance of creating high-value firms with higher growth rates. Building on this economic foundation, I present a nationwide project to point Egypt in the direction of achieving this equilibrium.
Based on the sheer size of the public educational institutions in Egypt, I propose implementing an accelerator in each and every university in the country to make use of this massive entrepreneurial potential. Furthermore, I provide a list of policy recommendations to ensure each factor of success is achieved. This article discusses the importance of entrepreneurs’ and their new enterprises, especially those having social return and positive impact on growth and development. It focuses on Egypt given the socio-economic crises that it has undergone since 2011, i. Therefore, it is necessary to promote social entrepreneurship in Egypt despite the challenges such enterprises have to grapple with.
Then, the article highlights the key challenges standing in the way of establishment of entrepreneurial enterprises and the focus shifts to the most critical social problem Egypt faces which is informal settlements. Such areas have spawned in both the rural and urban areas and their dwellers suffer from squalor, unemployment and poor health, educational, environmental services. Therefore, the focus of proposals of social entrepreneurship is on the projects that can provide solutions to problems faced by the dwellers of these areas and improve their environment. It concludes with a set of recommendations for promoting the environment for entrepreneurship and encouraging entrepreneurs to set up entrepreneurial enterprises having social returns for community as a whole. The article reviews a number of different approaches and recommendations on facilitating recycling of wastes through five consecutive steps organizing that include collection of different wastes, conversion of organic wastes into a source of energy and recycling of solid wastes. This idea will have different impacts in respect of improving behavioral patterns of people, alleviating environmental burdens and helping in solving the problem of energy and wastes as related to infrastructure.