A new report from EY has identified a collection of recommendations for policymakers to combat persistently high youth unemployment rates through entrepreneurial growth. The latest Avoiding a Lost Generation report, put together in collaboration with the G20 Young Entrepreneurs’ Alliance, identifies and analyzes the different youth unemployment issues faced by countries across the G20 and provides 10 key recommendations – on access to funding, tax and regulation and entrepreneurial culture and ecosystems.
Access to Funding:
Tax and Regulation:
Entrepreneurial Culture and Ecosystems
“Fostering a vibrant entrepreneurial ecosystem is one of the best ways to deal with youth unemployment, thanks to the large number of jobs that entrepreneurs create and the path to employment and fulfillment that starting a business can offer young people,” said Maria Pinelli, EY’s Global Vice Chair of Strategic Growth Markets. “We’re also seeing great success in countries where governments have worked with business and academia to create entrepreneurial hubs and run initiatives to encourage a broader acceptance and celebration of entrepreneurial spirit and endeavor.”
The report builds on an the April 2013 Avoiding a Lost Generation report from EY that identified five imperatives for action:
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