In following two decades however, GDP per capita in Iraq dropped substantially because of multiple wars, namely the war with Iran, the Gulf War. At the outbreak of the war, Iraq had amassed an estimated 35 billion in foreign exchange reserves. After the initial destruction of the war, oil exports gradually increased with the construction of new pipelines and the restoration of damaged facilities.
University World News or Higher Education Web Publishing does not necessarily endorse, support, sanction, encourage, verify or agree with any comments, opinions or statements or other content provided by readers. Fast growing East Asian economies have rapidly increased the numbers of students attending university in recent years.
Of particular concern is whether high graduate unemployment is a temporary blip or reflects a chronic oversupply of graduates, even as many employers say they cannot find people with the right skills.
Experts stress that Asian countries need to focus not just on expanding higher education but also ensuring quality at the same time if graduate unemployment is to be contained. He believes the number of unemployed with college degrees could continue on an upward trend.
Other Korean government officials have said the oversupply could last for as long as 10 years, until demographic decline reduces the numbers. In Japan the situation may be easing, although only slightlyafter years of rising graduate unemployment.
Singapore, China and India Even in booming Singapore, which is importing highly skilled workers to stem a talent shortage, graduate unemployment rose from 3. National Development Minister Khaw Boon Wan said last year that Singapore could not be a nation entirely made up of graduates.
I am not so sure. What you do not want is to create huge graduate unemployment. People with postgraduate qualifications are even more likely to be jobless than those with undergraduate degrees, while graduate unemployment is higher than for those with vocational qualifications.
The Talent Shortage Survey by ManpowerGroup, a US-based human resources multinational, found acute problems in recruiting talent in many Asian countries but particularly in Japan and India. The figure for Japan was the highest recorded in the eight-year history of the survey for Japan.
But it is not just in Japan that the situation is worsening. This compares to a drop in the gap for countries like the United States and Germany as the economic slowdown in the West was coming to an end. The debate about relevant skills, skills mismatch and labour market-appropriate degrees is as common in Asia as it is in the West, where the proportion of the population that are graduates is generally higher.
But the picture is more complex, as the region includes highly developed countries like Japan and South Korea, service economies hoping to move up the technology value chain like Singapore, middle-income countries like Thailand and Malaysia, and agricultural economies such as Laos and Cambodia.
Some are hoping to become industrialised, and need to prepare graduates accordingly. And no-one can predict what kinds of disruptive technologies will emerge in future, in order to prepare the next crop of graduates.
Skills Export-led economies of East Asia have emphasised the importance of technical skills. But according to UNESCO, as countries move up the value chain labour productivity is increasingly driven by high-level thinking and behavioural skills.
And these will grow. But not all analysts agree with the shift to a focus on skills. It is not known what proportion of graduates have or do not have these skills and competencies. Quality And not everyone agrees that a focus on skills will solve the problem of graduate unemployment in Asia.
The financial crisis and economic downturns in recent years are certainly reasons for the reduction in the number of jobs, but supply-side factors also contributed to the high numbers of unemployed graduates.
These included a huge oversupply of nursing graduates in the Philippines, for example. It may be impossible to predict the skills required for the future, so the emphasis needs to be on improving the quality of the higher education sector overall, according to Tandon.Bangladesh is one of the fastest progressive countries of this world where only the Youths are changing the lifestyles and the society.
They fights with the poverty, they fights with the unemployment problem and the nasty corruption of politicians. Unemployment means the state of being without any work both for the educated and uneducated for earning one’s livelihood.
Unemployment problem has become a great concern all over the world. But nowhere in the world is this problem as acute as in Bangladesh.
Fast growing East Asian economies have rapidly increased the numbers of students attending university in recent years. Now the pool of unemployed graduates is rising to worrying levels in the region generally – and even in some high-growth economies.
More must be done to provide youth with the skills and help they need to get a better start in the labour market and progress in their career. Sharp increases in youth unemployment and underemployment have built upon long-standing structural obstacles that prevent many youth in both OECD countries.
Unemployment Problem In Bangladesh on Wealthwiz | [ad_1] Unemployment means lack of job facilities for able-bodied persons both educated and illiterate.
It is a world-wide problem. No country in the world is absolutely free from the problem of unemployment. In fact, it . As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from alphabetnyc.com