Can Job Creation Help South Asia to Escape Global Economic Crisis?‏

Source: http://go.worldbank.org/7IMPF28550

In South Asia more than 150 million people are expected to enter the prime working age population over the next decade. According to a recent World Bank report, titled Accelerating Growth and Job Creation in South Asia, the key challenge is to create enough good jobs that will convert this large population into a productive asset.

Eliana A. Cardoso, the World Bank's Chief Economist for the South Asia Region, says the region's key asset is its people. "South Asia has a young population and the lowest female participation rate in the labor force. The demographic dividend will result in more workers entering the labor force in the future. Hence, the region must exploit the unparalleled advantage of demographic dividend that could structurally transform South Asia economically and socially."

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