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Urgent Need to Invest More in Developing World's Record Youth
SINGAPORE, September 16, 2006 — Developing countries which
invest in better education, healthcare, and job training for their record
numbers of young people between the ages of 12 and 24 years of age, could
produce surging economic growth and sharply reduced poverty, according to a new
World Bank report launched at the Bank's Annual Meetings in Singapore.
With 1.3 billion young people now living in the developing world-the
largest-ever youth group in history-the report says there has never been a
better time to invest in youth because they are healthier and better educated
than previous generations, and they will join the workforce with fewer
dependents because of changing demographics. However, failure to seize this
opportunity to train them more effectively for the workplace, and to be active
citizens, could lead to widespread disillusionment and social tensions.
World Development Report 2007: Development and the Next Generation
Part I Why now, and how?
Part II Transitions
Part III Across transitions and next steps