African governments have traditionally tried to tackle unemployment and underemployment by improving the business environment, but such reforms are politically difficult and often ineffective. Policymakers should instead implement three other sets of policies to boost job creation.
ABIDJAN – Few people would think that Africa’s labor markets are the most dynamic in the world. Yet, according to the International Labour Organization, African countries had some of the lowest unemployment rates in 2018. They include Niger (0.3%), Rwanda (1%), Burundi (1.5%), Madagascar (1.7%), Togo (1.7%), Ethiopia (1.8%), Tanzania (1.9%), Liberia (2%), Benin (2.1%), and Chad (2.2%).
ABIDJAN – Few people would think that Africa’s labor markets are the most dynamic in the world. Yet, according to the International Labour Organization, African countries had some of the lowest unemployment rates in 2018. They include Niger (0.3%), Rwanda (1%), Burundi (1.5%), Madagascar (1.7%), Togo (1.7%), Ethiopia (1.8%), Tanzania (1.9%), Liberia (2%), Benin (2.1%), and Chad (2.2%).