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© Zohra Bensemra/Reuters

REINVENTING DEVELOPMENT

employees with the right skill sets. This is an unacceptable paradox in societies with unemployment rates of 20-30%. Many of these countries are actually spending a relatively large share of their resources on education, but they are not getting sufficient value for money. Administrative barriers to business and the corruption that often follows are other issues which can and should

Elements that provide a business environment conducive to creating jobs and entrepreneurship opportunities should remain top priorities be fought decisively by donors and governments. This requires will, but not necessarily a lot of time and money. In one case when a municipality piloted a streamlined approval process, time spent by businesses was reduced by 90%, and compliance costs by 75%. On top of that, revenue collection improved by 40% and first-time business registrations shot up.

Challenges and barriers, of course, vary from country to country, but a stronger public-private dialogue would no doubt result in a number of ideas such as those that are simple, easy to implement, and have direct effects on private sector development and employment creation. Good governance, infrastructure development, trade facilitation, tax reform, access to finance, and all the other elements that together provide a business environment conducive to creating jobs and entrepreneurship opportunities should remain top priorities. “How do you expect me to make a living?” is a question asked by millions of young Africans today. Hopefully there will come a day in the not so distant future when it will not go unanswered. Recommended links International Collaborative Initiative on Trade and Employment (ICITE): www.oecd. org/site/0,3407,en_21571361_47076802_1_1_1_1_1,00.html A Better Future for Africa: http://di.dk/Shop/Publikationer/Produktside/Pages/Produktside. aspx?productId=7399 The Africa Commission: www.africacommission.um.dk/en

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2012 OECD Yearbook  

2012 OECD Yearbook

2012 OECD Yearbook  

2012 OECD Yearbook

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