Missed by the Boom, Hurt by the Bust: Making Markets Work for Young People in the Middle East
Navtej Dhillon, Djavad Salehi-Isfahani, Paul Dyer, Tarik Yousef, Amina Fahmy, and Mary Kraetsch
May 2009
In "Missed by the Boom, Hurt by the Bust: Making Markets Work for Young People in the Middle East," the Middle East Youth Initiative cautions that a new jobs crisis may damage future prospects for the region's young people. For Middle Eastern economies, the global downturn coincides with a historically high share of 15- to 29-year-olds in the total population. This report shows that, even during the “boom” years of 2002 to 2008, young people in the Middle East did not benefit from high quality education and struggled to find decent jobs. Now, with labor markets already under pressure to generate employment for record numbers of graduates, the region faces a new set of challenges due to the global downturn and its affects on oil prices, exports, remittances, and foreign investment. For Middle Eastern economies to emerge stronger, policies forged during the downturn must be consistent with long-term goals of cultivating a skilled workforce, expanding the role of the private sector, and reducing the appeal of government employment.
May 2009
In "Missed by the Boom, Hurt by the Bust: Making Markets Work for Young People in the Middle East," the Middle East Youth Initiative cautions that a new jobs crisis may damage future prospects for the region's young people. For Middle Eastern economies, the global downturn coincides with a historically high share of 15- to 29-year-olds in the total population. This report shows that, even during the “boom” years of 2002 to 2008, young people in the Middle East did not benefit from high quality education and struggled to find decent jobs. Now, with labor markets already under pressure to generate employment for record numbers of graduates, the region faces a new set of challenges due to the global downturn and its affects on oil prices, exports, remittances, and foreign investment. For Middle Eastern economies to emerge stronger, policies forged during the downturn must be consistent with long-term goals of cultivating a skilled workforce, expanding the role of the private sector, and reducing the appeal of government employment.