08 Apr Youth Empowerment
“The world now has the largest generation of young people in history. I place great hope in their power to shape our future,” United Nations Secretary-General Ban Ki-moon told leaders and dignitaries at High-Level Event on the Demographic Dividend and Youth Employment, held at UN Headquarters in New York on June 1st.
Much the world is poised experience a demographic dividend – the economic growth that can occur when a population shifts from one with many dependents and comparatively few working-age people to one of many working-age people with fewer dependents. Demographic dividends have helped produce unprecedented economic growth in several East Asian countries. The Republic of Korea, for example, saw its per-capita gross domestic product grow about 2,200 per cent between 1950 and 2008.
But, as Egypt’s Minister of Population Dr. Hala Youssef told the policymakers and leaders present, “The demographic dividend is not automatic… It is a window of opportunity.”
Igniting the potential of 1.8 billion
To realize the dividend, countries must invest in the empowerment, education and employment of their young people. There are 1.8 billion young people in the world today, representing a staggering amount of human potential. Yet too many of them are trapped in poverty, with few opportunities to learn or to earn a decent living.
“We all appreciate the massive waste of human capital in our world when 74 million young people cannot find work,” said Mr. Ban.