This book brings together pioneering and evidence-based research that focuses on youth employment—one of the foremost development challenges of our time—and fills a critical research and knowledge gap alongside consolidating existing relevant literature. Comprehensive in scope, the book provides an overview of trends in youth employment in Bangladesh, empirically analyses the determinants of youth unemployment, covers relevant economic theory, and recommends policy measures for employment creation in Bangladesh. The new evidence from Bangladesh on the aforesaid issues will inform relevant and concurrent policy discourse, add value to related research in the field, and inspire future research. The insights gathered through this study will serve as an important lesson for other developing countries on what works and what does not in policy-making.

The book provides a comprehensive conceptual understanding covering major challenges and pathways to progressively promote inclusive development in Bangladesh. Since independence in 1971, Bangladesh has achieved significant economic growth and social progress, but the benefits have not been shared equitably across all groups in society, and there is the demand that inclusive development should be at the core of the country’s development agenda. Analysing inclusive development in Bangladesh, the authors present it as synonymous with improving the well-being of all individuals in a comprehensive manner along with upholding the principles of equity and justice. The book shows that the multidimensionality of inclusive development facilitates the participation of all in society in development through enhancing capabilities and ensuring equal opportunities. The analysis highlights social investments in specific concerns of the marginalised and disadvantaged groups and unequal structural forces that compel the state to remain biased towards the rich and consequent ‘elite capture’ of the state in Bangladesh. Arguing that Bangladesh has moved closer towards applying the inclusive development tenets in policy making, the book’s findings show that the challenge is the absence of any generic formula to ensure that the country is moving towards a more inclusive development path. A valuable contribution to the study of Bangladesh’s changing dynamics of political, economic and social configurations and development economics, the book will be of interest to researchers in the fields of economics, Asian studies and development studies.

This timely book introduces a fresh perspective on youth unemployment by analysing it as a global phenomenon. Ross Fergusson and Nicola Yeates argue that only by incorporating analysis of the dynamics of the global economy and global governance can we make convincing, comprehensive sense of these developments. The authors present substantial new evidence spanning a century pointing to the strong relationships between youth unemployment, globalisation, economic crises and consequent harms to young people’s social and economic welfare worldwide. The book notably encompasses data and analysis spanning the Global South as well as the Global North.

Sri Lanka has long been regarded as a model of a successful welfare state in a low-income setting, yet it has not succeeded in creating a sufficient number of good jobs for the increasing number of young people. Hence, young Sri Lankans perceive their country as an unjust and unequal society, in which mainstream institutions have failed to address inequalities in the distribution of resources, as well as of benefits deriving from economic growth. Against this background, 'The Challenge of Youth Employment in Sri Lanka' aims to identify ways to improve the opportunities available to new job market entrants by addressing existing inequalities and to help young people more fully realize their potentials. Drawing from original research and a review of existing studies, the authors use the 4Es conceptual framework to analyze four key aspects of labor markets employment creation, employability, entrepreneurship, and equal opportunity identifying main issues and results, current trends, and possible new approaches.

"The series is sponsored by the Agence Francaise de Developpement and the World Bank."

The paper argues that much of the farm-nonfarm labor mobility in rural Bangladesh is in nature an intergenerational occupational choice-induced change rather than a sectoral shift within the current generation. Bangladesh has a large share of youth (aged 15-29 years) in the labor force, and it experienced a major structural shift in employment between 1995 and 2010 as agricultural employment fell from 51.4 percent to 42.3 percent. Much of this shift has been due to changes in youth employment, as youth employment in agriculture fell from 49.8 percent to 33.1 percent. The cohort analysis (pseudo-panel) shows that the reduction in the share of male youth population working in agriculture is due mainly to a sharp reduction in the percentage of youth who start out in agriculture, rather than a shift by individuals from agricultural to non-agricultural employment during their life time. Analysis of correlates of the non-farm orientation of rural youth indicates the importance of gender, human capital, access to electricity, proximity to cities, and migration opportunities. The results suggest the importance for supporting rural industry and service activities for meeting the future demand of jobs for the rural youth.

In the first IEG evaluation of World Bank Group support to youth employment, the findings reveal short-term effects, limited positive results, and lack of evidence. The focus is on investment climate, labor market, and skills. An evidence-based, strategic approach using youth-specific, complementary interventions and multisectoral teams is needed.