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Abstract
Job creation is at the top of political agendas across the globe. In advanced economies, the employment losses generated by the crisis have been only partially reversed, raising concerns about permanent skills and human capital erosion associated with long-term unemployment and inactivity. In most emerging and low-income developing economies, while crisis-related job losses were relatively contained and largely temporary (Figure 2.1), informality remains high, and job creation insufficient to absorb the large number of young people entering the labor market. Global unemployment exceeds 200 million people, and an additional 13 million people are expected to be unemployed by 2018 (ILO, 2014).
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