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Investing In Youth For A Stronger Global Workforce Economics Essay

ABSTRACT ­ Unemployment and underemployment is a prevalent problem confronting youth all across the world today. It is, in fact, part of the larger and perpetual struggle shared globally by governments to provide employment for all citizens.
More than 200 million people across the world today are unemployed or underemployed. [1] Among the labour market groups, youth are particularly vulnerable as they are more likely to be unemployed than their adult counterparts at the global level. [2]
This proposal will examine the causes of the unemployment challenges faced by youth today and explore into the possible youth-led solutions and initiatives such as:
The setting up of a global foundation managed by youth which oversees the international effort of;
The establishment of Youth Development Councils (YDCs) in communities throughout countries to provide job matching and employment opportunities for youth to stay employed in the workforce through training and skills upgrading programmes;
A global youth employment campaign to raise the awareness to youth on the importance of education and to curb the rising number of school dropouts globally.
As a blueprint for the future, this proposal represents a relentless conviction and a call to action towards the improvement of the educational competencies of youth worldwide, which – if fully implemented – will produce substantial and verifiable results.
This proposal is an audacious vision which will put countries on a path of achieving the Millennium Development Goal of “achieving universal primary education” [3] and lay the foundation for a robust global workforce of tomorrow.

Current situation of the coffee industry

1Coffee is one of the world’s most valuable assets and at least 25 million people around the world base their livelihood on their production. Most of these producers are small-scale farmers in the developing world, despite the extent of coffee consumption takes place in the United States and Europe
Over the last twenty five years of the last century, developing countries have been incited to follow export-oriented economy models as a way to increase living standards of their citizens. With this model, countries have opened their economies globally, boosting international trade and investments, and expanding their exports with the objective of earning foreign exchange. These strategies try to substitute older models based on import-replacement, which proposed that developing countries should impose protectionism measures in order to protect their domestic economies by controlling investments and external trade.
At face value, specializing in exporting coffee seems to be a good strategy for developing countries, knowing that they have the perfect conditions to grow coffee crops and taking the advantage that richer countries are not competitive in this field, but they are very interested in purchasing the product as they earn considerable profits of its distribution and consumption. However, the global coffee industry has become a nightmare as the world prices have dampened, which have an important impact on livelihoods of those countries.
Why has this happened, and how is affecting developing countries?
CURRENT SITUATION 2The current crisis is the latest and most dramatic in a long history of industry ups and downs. Coffee prices have plummeted to 30-years lows. (See appendix 2)
Coffee, which is produced in over 50 developing countries, is one of the s
world’s most important commodities exports. It makes an important contribution to development socioeconomic and poverty alleviation as well as its economic importance is based on exportation, some of represent more than the
half of their export earnings. Moreover, a cup of coffee in any neighborhood in New York or Paris can reach the $ 3.60 price. That same cup of coffee, a coffee farmer in the Andes of South America or Southeast Asia receives only 24 cents, a paltry 7% which, of course, does not even cover the cost of production or the basic needs of collectors. This are the most direct consequences of a crisis in the last two years which has sunk into poverty over 25 million people, while the coffee trade of the four big multinationals (Nestle, Kraft Foods, Procter