Unemployment Persistence, Risks of Skill Obsolescence, and Impacts on the Knowledge Economy in Arab Countries

Unemployment Persistence, Risks of Skill Obsolescence, and Impacts on the Knowledge Economy in Arab Countries

Amale Acheboune, Ahmed Driouchi
Copyright: © 2014 |Pages: 19
DOI: 10.4018/978-1-4666-5210-1.ch011
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Abstract

This chapter looks at the unemployment problem in Arab economies. It shows how unemployment has been persisting during the last years with the implied risks of knowledge obsolescence and other economic and social implications. Under the absence of policy actions that are likely to reduce the effects of knowledge obsolescence, Arab economies with high unemployment rates lose in terms of competitiveness and efficiency but also in the development of knowledge economy. Special training programs, besides more business oriented educational sessions, are likely to minimize the impacts of knowledge obsolescence. Descriptive statistics as well as regressions analyzes are used to show most of the dimensions of the unemployment problem in Arab economies.
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1. Unemployment And Youth Challenges In Arab Countries

There is evidence that North African countries have been facing high rates of unemployment for their youth during the past few years. But this trend also appears for countries of the Middle East. In the Middle East and North Africa, the youth unemployment rate at 25 per cent, is the highest in the world according to series of publications (ILO, 2012). World Bank researchers are finding that the actual number of jobless people between the ages of 15 and 29 in the region could be much higher as many young people who are out of school and out of work are not reflected in the statistics.

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