Friday 15 August 2014

Tackling Jobless growth in Africa.

That many economies in Africa are growing at an unprecedented pace is
already something that is well documented. For instance, six of the
ten fastest growing economies are in Africa. However, despite high
growth rates in Africa, the unemployment rate still continues to soar.
In South Africa, the high unemployment and low wages was one of the
reasons for the deadly Marikana mines in 2012. In Nigeria, in 2011,
the country's national bureau of statistics reported that the absolute
number of poor people had in fact increased, despite the high economic
growth in the country. So then, perhaps, more emphasis in the
manufacturing and the agricultural sector would help alleviate this so
called jobless growth.

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