Global Voices Y20 delegates Lachlan Campbell and Erin Watson-Lynn are joint-contributors in the October issue of the Lowy Institute G20 Monitor. Their paper 'The Y20 2015: The G20 youth perspective' discusses the G20 response to the growing problem of youth unemployment.Read More
By Krista Flick
Krista represented Central Queensland University at the 2015 Y20 Summit in Turkey.
- Youth unemployment should remain a priority of the G20 Leaders’ Summit in 2015, with a particular focus on the progress of each member’s Employment Plan.
- The G20 should recognise the significance of increasing rates of young people neither engaged in employment, nor in education or training (NEET), and take action to create sustainable employment opportunities for young people
- The Australian Government should investigate opportunities to encourage young people into entrepreneurship, including through the simplification of administrative and registration procedures associated with business start-ups, the inclusion of elements of entrepreneurship curriculum at all levels of education, facilitating collaborative partnerships between community organisations and private businesses, and reducing financial barriers that restrict young people from starting their own businesses.
By Erin Watson-Lynn
Erin was a Global Voices Y20 Delegate for 2015
Globally, some 75 million young people are unemployed. The International Labour Organisation warns that this is an unprecedented crisis. High levels of unemployment mean that young people across the developed and developing worlds face increased precariousness, poverty and uncertainty. The result of this is the threat of intergenerational inequality not seen since the Great Depression. Given the stubborn persistence of youth unemployment, more policy attention is clearly needed. The Group of Twenty (G20) leaders have made some commitments to address this crisis. One of these is to promote enabling environments for entrepreneurship. Entrepreneurship is an attractive policy proposition with some best practice examples. However, the macroeconomic impact of these policies is difficult to measure, and there is an absence of empirical evidence that has attempted to do so. This paper establishes youth unemployment as a crisis, describes how entrepreneurship can act as a possible solution, and provides two examples of frameworks for understanding the policy across varying environments. Finally, the paper offers three policy recommendations.Read More