Almost 20 percent of youngsters, aged 15 and 25, from developing countries or emerging markets were neither studying nor working, per an article published on the World Economic Forum website. Moreover, youngsters in developing countries were facing tough market conditions and job shortages, particularly in developing economies including Brazil, Malaysia and Ghana.
The article also included a recent study by the IMF Staff which suggested that a series of policies could help to improve workplace conditions and provision of job prospects, particularly for youngsters who were not enrolled in schools. The paper emphasised on three major policy changes which included, promotion of gender equality in workplace milieu, enhanced functionality of labour markets and more open, accessible or competitive merchandise markets.
Different researches highlighted that a tenacious gap was present between the number of working men and women, sketching the grim gender disparity gap in the workplace milieu. On average more than 30 percent women of the developing countries were not studying or working, which was double the rate of young men in similar circumstances. Moreover, these gaps were much visible in Latin America and South and East Asia, however not all economic and social consequences of having children could be explained through these disparities.
The article also suggested that prevalence of stringent laws could play a vital role in protecting women against injustices and discrimination, providing them with legal protection against workplace discrimination. Laws would not only increase employment rates of women in all sectors but would also increase their participation on societal levels. For instance, if sub-Saharan Africa fortified their legal protection mechanisms for women, the employment and participation rates of women in those areas could improve up to 10 to 15 percent, narrowing the existing gender disparity.
The paper by the IMF Staff also provided policy proposals that could potentially help youngsters to understand that a trade-off between the younger and older workers was not required and hindered sustainable development of the economy.