Unemployment occurs when people are without work and actively seeking work.
Africa is deeply affected with a high rate of unemployment especially among the youth.
Africa is now having the most youthful population in the world with the youth covering close to between 60% and 70% of the continents population. This menace poses great threats to the strength and growth of Africa. Though unemployment is seen manifested all over the world, the case of Africa is very dilapidating to say the least.
Unemployment in Africa is manifested in seasonal layoffs (e.g., in agricultural jobs), technological changes in industry (particularly by increased automation), racial discrimination, lack of adequate skills by the worker, or fluctuations in the economy
In a 2011 news story, Business Week reported, "More than 200 million people globally are out of work, a record high, as almost two-thirds of advanced economies and half of developing countries are experiencing a slowdown in employment growth". This is not very encouraging and therefore drastic measures must be instigated to curb this situation.
The following table shows current unemployment rates in African countries;
Country Unemployment rate (%) Source date
Algeria 10 2010
Botswana 7.5 2007
Cape Verde 13.1 2010
Djibouti 59 2007
Egypt 9.4 2009
Ghana 3.6 2008
Kenya 42 2009
Libya 13.0 2008
Mali 30 2009
Education
Education in its general sense is a form of learning in which knowledge, skills, and habits of a group of people are transferred from one generation to the next through teaching, training, research, or simply through self-directed learning
In most developing countries, few children graduate from secondary school and many don’t even finish primary school. In Kenya, for example, only 50 percent of children complete class 8, and of those, less than half can comprehend a simple paragraph. But, according to annual Education for All reports, many kids drop out before finishing school.
There are numerous reasons, including the difficulty of getting to school and the cost of schooling. Even when tuition is free, there are often expenses for lunch, uniforms, and examination fees. And because the quality of education is often poor, parents are forced to pay for additional tutoring to enable their children to pass tests. Opportunity costs may be even larger—while they are in school, children forgo opportunities to produce income working on the family farm or selling in the marketplace. It is not surprising that when education investments do not result in adequate learning, or even basic literacy and numeracy, parents do not keep their children in school. IT in relation to business
Information technology is a modern phenomenon that has dramatically changed the daily lives of individuals and businesses throughout the world. Information technology is driven by the microchip, which owes its existence to the semi-conductor. IT solutions run the gamut from personal computers and computer software to production robotics to communications technology. Information technology for business success is key to survival in the modern business world.
Significance
Information technology has grown to permeate the business world, affecting how companies make and market their products, as well as how people communicate and accomplish their jobs in modern organizations. Specialized software shapes best-practices and industry standards, continually changing the face of business in almost every way.
Production Technology
Production technology has allowed modern companies to make great strides in operational efficiency and the effectiveness of human resources. Automation technology, such as assembly lines and computer-controlled machinery, can allow companies to produce unprecedented volumes of goods, and advances in transportation technology allow businesses to ship their products anywhere in the world. Information technology has also changed the way that companies operate internally. Personal computers have become a necessity for a large majority of corporate jobs, and many manual labor jobs require the use of a handheld computer or other electronic device as well.
Communications Technology Advances in cellular phone technology have revolutionized the way businesspeople communicate with clients, employees, suppliers and strategic partners. The Internet has revolutionized the marketing function in addition to opening up a wide range of communication options. Modern smartphones are changing the game yet again with the introduction of new and innovative applications. A small business owner can now access a web-based customer relationship management service on a smartphone from anywhere in the world, for example, allowing him to obtain vital data about contacts before making calls.
Considerations
While information technology solutions can contribute to the success of your organization, there are a number of unique costs to consider. In addition to the cost of implementing an IT solution, you must employ highly educated and specialized workers to maintain, monitor, expand and repair your IT infrastructure.
Education and employment in developing nations
The article is written by Edgar o Edwards and Michael P Todaro. Edgar O Edwards was born in Massachusetts in 1919. Michael P Todaro is an American economics and a pioneer in the field of development in the field of economics.
Edgar Edwards and Michael Todaro argue that an investment in education past the literacy stage is an investment in idle resources. They have some good and bad arguments and below, I am going to critique their arguments critiquing their points with the help of facts, statistics and logical reason. Their main argument is that an investment in education is an investment in idle resources, since the number of unemployed has been rising as the number of people who pursue post-literacy education.
The two writers have both good and not so good points in their argument against post-literacy education.
Firstly, by saying that “the average level of education among the unemployed and underemployed appears to be rising, suggesting that the growing investment in educational systems is increasing an investment in idle resources”, it’s actually true. The average number of people who have pursued education higher than the primary school level, in this case, the literacy level, has been rising over the past few years
You May Also Find These Documents Helpful
-
Unemployment is one of the principal macroeconomic problems facing the United States economy. This implies that the economy is not operating under full employment. United States has been experiencing a high level of unemployment in the past. However, in the recent past the United States unemployment has fallen down to 7.7 percent as per statistics this year in the month of November. This is the lowest unemployment rate United States labor department has recorded in the past four years. According to a report by the labor department, about 146000 jobs were added in the economy. This resulted to the unemployment rate falling from 7.8 to 7.7 percent. The fall is largely attributed to the fact that most households stopped looking for employment opportunities in the economy (Zhang, 1).…
- 572 Words
- 3 Pages
Good Essays -
The history of guns in America is a long one, but they were first introduced to the world long before they were introduced to the United States. According to Linton Weeks,the first guns in the world were most likely cannons used in the fourteenth century. There were also hand cannons carried by European soldiers (Weeks). This expresses that guns have been around much longer than the United States has. After cannons, there was the muzzle loader. Muzzle loaders had a fierce recoil ignited by a matchlock, which is a device that connects a smoldering wick to the gunpowder when the trigger is pulled (Weeks). This shows the progression of firearm technology between the use of cannons to the use of more modernized firearms. There is also an extensive…
- 483 Words
- 2 Pages
Good Essays -
South Africa’s economic growth has continued to slow down. There is notably inadequate energy supply, infrastructure gaps, weak domestic demands, and anemic investment rates. Another major issue with the economy is the unemployment rate. The unemployment rate is a significant increase at 24% and 49% in youth employment. Lack of skills is a constraint on growth as well (Kumo).…
- 1602 Words
- 7 Pages
Better Essays -
There are seven types of unemployment. Frictional unemployment is a result from people moving between jobs or experiencing changing economic circumstances; Seasonal unemployment is categorised as specific industries or occupations that are characterised by seasonal work, possibly leading to unemployment; Structural unemployment results from a mismatch of labour skills of employees with the job vacancies; Cyclical unemployment is caused by contractions in economic activity or aggregate demand; Long-term unemployment refers to people who are unemployed for over 12months; Regional unemployment occurs when one or two major industries (e.g. TFC, PMV) in a particular geographical region reduces demand for labour, resulting in widespread unemployment; Hidden or disguised unemployment refers to those who are not included in official unemployment statistics as they have given up looking for work or are recipients of income support from a spouse.…
- 1928 Words
- 8 Pages
Better Essays -
The first and most important solution to fighting poverty in Africa is education. As simple as it seems, the majority of Africa population has little or no education at all. Education is very important in every society. It improves the earning capability of the population and help them to be able to make good decision which will affect their life and their offspring for good. In Economics, it is known that the quality of labor depends on the level of education which will improve productivity and helps them earn…
- 592 Words
- 3 Pages
Good Essays -
Under-employment is a major problem of the human species. In much of the world, people are idle who need meaningful work.…
- 670 Words
- 3 Pages
Good Essays -
The Nigerian Natinal Youth Policy (2001:2) defines youth as comprising all young persons between the ages 18 and 35 years who are citizens of the Federal Repulic of Nigeria. Youth are the engine of economic growth; since, they constitute largely the workforce and consuming class in an economy. The productivity of labour and the quality of consumer demand are two critical drivers of economic growth from both supply and demands sides. The future of any nation lies in the strength of her youth; how they are empowered to face the challenges of the globe. They are the well spring of ideas and innovation which would spur economic, political and social growth. It is expected that they be meaningfully employed. The role of young people in the society cannot be over-emphasized. They are important because they have the potentials and vigour that will help our nation chart new ways out of the several incubuses we are trapped.…
- 1266 Words
- 6 Pages
Good Essays -
Unemployment occurs in many forms and it has been a crucial problem countryside and whole over the world. These have become an issue to majority of Tanzanian and many people around the globe, the situation has forced various countries to either formulate or adopt some policies to rectify the issue. The magnitude of the issue has practically depicted in the research conducted in 2012 by African Economic Outlook in Tanzania, the study which aimed at assessing various programs and policies in various sectors and their contribution to Gross Domestic Product, in improving economy, and unemployment reduction.…
- 2268 Words
- 10 Pages
Powerful Essays -
Africa’s economic system is very unique and in some areas it is one that is very dire. According to my research on the internet I found, “the Africa economy is as diverse as the region. The Southern parts are prosperous whereas the other parts struggle for stability.” (Economy Watch Content, para. 2) Africa is…
- 1201 Words
- 5 Pages
Better Essays -
While cyclical unemployment arises due to the demand of labour, problems may also arise from the supply of labour. It may be that although there are job vacancies, employers are unwilling to employ because the people who applied lack sufficient skills. It may also be the case that there is a high level of immobility of labour. An example of this is if there are job vacancies in one part of a country, but the vast majority of the unemployed live in another part. These are characteristics of structural unemployment, unemployment caused by the decline of certain industries and occupations due to changes in demand and supply.…
- 724 Words
- 3 Pages
Good Essays -
In the modern society of today unemployment is a very serious and complex matter to take into consideration. Investopedia online dictionary (2013) defines unemployment as follow: Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. Derived from the definition above, the topic of discussion is youth unemployment, why are there no jobs for the youth of today? Various reasons can be the cause of this problem, the lack of skills and knowledge of the youth, foreign competition, technology development, increase in business input and production costs just to name a few. The youth unemployment rate in South Arica is 24.9%, roughly displaying that a third of the countries youth are without jobs. This crisis is influencing and leading to more poverty and economic instability as well as a decrease in economic growth. The government must attempt to lower this ratio by means of policies, interventions, subsidies or incentives. Further discussion will be held of what is causing youth unemployment and what the government can do to increase the level of employment.…
- 439 Words
- 2 Pages
Good Essays -
There are three types of unemployment namely; structural, cyclical and seasonal unemployment. Firstly, structural unemployment is associated with the incompatibility of jobs and workers due to the lack of skills or no desire for the area of work. Structural unemployment depends on the social needs of the economy and dynamic changes in the economy. Advances in technology and changes in market conditions may make certain skills useless and no longer needed; this typically increases the unemployment rate. For example, labourers who worked on cotton fields found their jobs obsolete with Eli Whitney's patenting of the cotton gin. Similarly, with the rise of computers, many jobs in manual book keeping have been replaced by highly efficient software. Workers who find themselves in this situation find that they need to acquire new skills in order to obtain a new job.…
- 794 Words
- 4 Pages
Good Essays -
The expanded definition of unemployment had which include even people who gave up on looking for jobs was 35.9% in last quarter, showing a decline from 36.3% in the third quarter of 2012. The government has implemented many inefficient and efficient ways to eradicate the unemployment. In this I will talk about some of the cause and possible solutions and problems that some of this solutions might cause.…
- 1302 Words
- 6 Pages
Better Essays -
Labor force include all persons who are of ten years and above , and during the…
- 785 Words
- 4 Pages
Good Essays -
Unemployment (or joblessness), as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks.[2] The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labour force. In a 2011 news story, BusinessWeek reported, "More than 200 million people globally are out of work, a record high, as almost two-thirds of advanced economies and half of developing countries are experiencing a slowdown in employment growth, the group said."[3]…
- 6744 Words
- 27 Pages
Powerful Essays