Democratic Republic of Congo Jobs Diagnostic
The economy of the Democratic Republic of Congo is not creating sufficient jobs for its young and rapidly growing workforce. Although the Congolese economy has experienced fast growth and poverty has declined, further reducing poverty will require...
| Main Authors: | , , , , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/822881517551920780/Jobs-diagnostic-Democratic-Republic-of-Congo http://hdl.handle.net/10986/29327 |
| Summary: | The economy of the Democratic Republic
of Congo is not creating sufficient jobs for its young and
rapidly growing workforce. Although the Congolese economy
has experienced fast growth and poverty has declined,
further reducing poverty will require more dynamic job
creation and continued reductions in fertility rates. The
current youth bulge and potential demographic dividend will
open a unique window of opportunity but will demand faster
job creation. The challenge is not limited to reducing
unemployment, but includes tackling inactivity and rampant
underemployment. Possible avenues to address labor market
shortcomings include removing obstacles and resolving market
failures for firms to grow, integrating agribusinesses into
value chains, facilitating urbanization, and focusing on
skills, not just schooling. At the same time, a focus on
productivity growth could strengthen its link to employment
creation. The report, Democratic Republic of Congo: jobs
diagnostic, analyzes the main challenges - at the macro,
firm, and household levels - that the country faces in
creating jobs. It also outlines the main obstacles to
creating more and better jobs that are more inclusive of
women and youth. |
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