As the global population grows, it has been estimated that by 2030 the world will need more than 600 million new jobs. Many of these will be required in developing countries, where young people already struggle to find work, pay is low, and working conditions are often poor.
With few opportunities for decent work, many of the world’s poorest young people are self-employed or start their own businesses. Indeed, the World Bank considers small- and medium-sized enterprises (SMEs) to be a key element of new employment opportunities in lower-income economies.
