Romina Bandura, Casey Sword
The CSIS Project on Prosperity and Development (PPD) would like to share four country case studies as part of a recent CSIS project on The Future of Global Stability: The World of Work in Developing Countries. This project also launched a microsite containing a short video, and a two-volume report.
CSIS prepared four country case studies in Brazil, India, Kazakhstan, and Nigeria, conducting a deep dive analysis of their labor markets. The case studies analyze the current world of work in each country and the trends looming on the horizon.
In less than five years, India will be the most populous nation in the world; in addition, while many Asian countries are aging, India is projected to be the youngest country in the world by 2020. There is concern that the Indian economy is not creating enough “good jobs” to satisfy the appetites of its aspiring youth. The largest part of the labor force in India is informal, young, and underemployed, with low wages and unmet aspirations.
Many institutions in the country are already thinking about how to address the current challenges and disruptions in the labor market, namely informality, automation, globalization, and the youth bulge. In India, tackling informality and youth unemployment are likely the most essential elements to address if continued economic growth, improvements in living conditions, and social cohesion are to be upheld...Read more
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