This study investigate the significant and the insignificant effects from the reduced unemployment on the growth at both the aggregate and disaggregate levels of the economy (Lensink & Morrissey, 2000). In Namibia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. (2011). Other studies prove that reduced unemployment does not have a small significance in the positive effect in the per capita income in the less developed and the developing countries. Does unemployment reduce economic growth and development in Namibia and how does fiscal policy instruments reduce poverty? If the unemployment issue is not solved, it will give rise to a series of social and economic problems in a country. Find out more about our work towards the Sustainable Development Goals. Additionally, overdependence on the poverty and fiscal policy instruments from the developed countries have made developed and underdeveloped countries unable to develop their economies (McGillivray & Morrissey, 2001). The unemployment rate can be defined as the number of Reduced unemployment in terms of fiscal policy instruments and poverty has crucial impact on the fiscal policies of a country and its economic growth. Further, reduced unemployment has to be used effectively to reduce economic growth and help adjust fiscal behavior of a country. There are several causes of unemployment such as recessions, disability, attitude towards employers, willingness to work, employee values, and discriminating factors in the place of work such as age, class, ethnicity, and race. It is projected that that the global economy will shrink by 3.2 percent and in the coming two years we expect an estimated 8.5 trillion dollars of global output to be wiped out. This paper addresses the causal relationship between corruption and youth unemployment from two different perspectives. Data retrieved in December 2019. UN House, 38 - 44 Stein Street Its highest value over the past 27 years was 23.23 in 1997, while its lowest value was 14.66 in 2012. Additionally, independence of the central bank in Namibia provides an increase in the financial deepening which offers a wider variety of financial products which reduce s increment in savings (Lensink & Morrissey, 2000). Moreover, growth arises from a direct relationship between investment and a good policy formulation (Lensink & Morrissey, 2000). This paper examined the link between youth unemployment and violent crime, as available data sourced from 2006-2016 for ten developing countries in Africa (Botswana, Morocco, Mauritius,. This includes actions to strengthen female participation, address structural unemployment and, informal employment and improve labour market outcomes for young people and vulnerable groups, and improve workplace safety., our democracy to work. In addition, a decision from the government that forces the companies to employ Saudi young people is needed. The main focus in economics is to ensure that debt is taken for productive purposes and should be kept away from corrupt policy makers who are likely to misuse the debt funds. The desire of more wealth, better living conditions, In todays world, depression is the first leading cause of adolescent suicides. A thorough evaluation of the higher education evidently reveals that there are diverse factors that need to re-evaluate as suggested by Charles Murray. Clearly, if the reduced unemployment in Namibia affects the countrys GDP growth, then it influences the fiscal behavior and public investments through a series of subsequent effects (McGillivray & Morrissey, 2001). What are the implications for Namibia and the Southern African region over a projected shrinking world economy in 2020? Reduced unemployment positively affects largely on general government expenditure and to some extent developmental government expenditure (McGillivray, 2003). Determinants of Unemployment in Namibia International Journal of Business and Management DOI: 10.5539/ijbm.v5n10p92 Authors: Joel Hinaunye Eita University of Johannesburg Johannes M. Ashipala. Additionally, the two gap model has established a three stage procedure that illustrate the impacts of reduced unemployment to the revenue collection and economic development signaled by the gross national product (Tahir, 2015). Another solution is to change peoples thinking about certain kinds of jobs by educating them, I think that the problem of youth employment is very actual and must be solved as quick as possible., YOUTH UNEMPLOYMENT CHALLENGE AND SOLUTIONS What Business Can Do Now Do you know who it affects? The article,Teenagers Work Can Have Downsides written by Jerald G. Bachman, discusses many advantages and disadvantages of working as a teenager. And can have a significant effect on socioeconomic conditions and therefore, economy itself., FACTORS AFFECTING EMPLOYMENT IN KENYA. Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Many youth are unemployed because they have just come from high school and they do not have enough work experience to get a job. Secondly, presence of a constant prevalence of reduced unemployment tend to have a more relaxed governance and reduces aggressiveness in utilization of domestic resources. Researchers investigated the household behavior and trend in savings and income and found that in Namibia the propensity to save in the presence of reduced unemployment was higher in the urban areas compared to the rural areas (Bhattarai, 2005). Unemployment also goes into hand with homelessness and panhandling, because there is not enough jobs people are ending up homeless and looking for other ways to get money. How can you tell is a firm is incorporated? South Africans describe the pain of unemployment The current high unemployment rate is mostly attributed to the low education levels among the economically active population and economic structure (exports of . The great depression made a major impact on the lives of the people that lived through it. Average aid/gross national product ratio in Namibia rose from 7% in late 1990s to 15% in the early 2000 (Tahir, 2015). Conclusion for Unemployment Essay. The intervention of the state has proven an interesting finding with a negative correlation on the impacts of the economic growth in Namibia. Global integration strategy was deployed and concluded that the long run trend in savings behavior in Namibia grew depending on the prevalence and consistency of the reduced unemployment in terms of fiscal policy instruments and poverty (Bhattarai, 2005). Consequently, the unemployed do not take up existing job vacancies, and employers are unwilling to hire available candidates (Njonjo, 2010). (ii) Policy regarding seasonal unemployment: ADVERTISEMENTS: Let's Take Action Towards the Sustainable Development Goals. Unemployment - 3331 Words | Essay Example Unemployment is a problem that is economic in nature. Importantly, the most crucial factor in determining economic growth and development is capital accumulation which can be analyzed from either the savings or the investments side. Ajambo said that the implications for Namibia are significantly tied to the main channels through which Namibias economy is exposed to as a result of COVID-19, and it also applies to the sub region as well. Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Clearly, aid may be positively related to growth in Namibia but some studies show otherwise depending on other factors like political influence and stability, good policy environment and good infrastructural framework (Osei, Morrissey & Lloyd, 2005). Social protection and offering basic services, ensuring that there is enough essential food and nutrition services, ensuring continuity of water and sanitation services. Unemployment effects everyone, whether it be directly or indirectly. Additionally, some researchers argue that presence of employment has made the government less fiscally responsible hence this study is important in investigating the real impacts of reduced unemployment on the economy. An unemployed person may think that because he or she cant find work that it is his or her problem alone. What specific section of the world do cannibals do not live? There is no provision of law concerning unemployment benefits. In addition, reduced unemployment should only be taken for productive purposes such as investment purposes to avoid the aid being counter-productive (Lensink & Morrissey, 2000). During COVID-19, and in the context of the economy's slow growth performance during the post-2016 period, the 2018 Labour Force Survey indicates unemployment to have increased from the estimated. Causes of Unemployment: 7 Main Reasons Activism is very important and is when someone speaks up for what they believe in. In Glen Elders book Children of the Great Depression: Social Change in Life Experience he discusses how the depression affected those children in their later lives. Unemployment Essay | 500+ Words Essay on Unemployment - BYJU'S Further, more recent studies prove that reduced unemployment has reduced the growth domestic product and the per capita income in Namibia for a longer period doing more harm than good (Basit & Ansari, 2015). Essay On Youth Unemployment - 770 Words - Internet Public Library Its highest value over the past 27 years was 25.87 in 1997, while its lowest value was 18.59 in 1991. The purpose of the study was to examine the main reasons and causes of youth unemployment in Namibia, its implications and consequences for national security due to frustration . 2013. The economic and demographic status of the country determine largely the fiscal policies. For the past years, one of the biggest challenges facing developing countries like Egypt is the departure of their brightest scholars and scientists from the nation. Additionally, reduced unemployment uncertainties may affect the economy negatively in the event that the funds fall into unconstructive ways such that it reduces the domestic borrowings and increase government consumption and expenditure in total (Osei, Morrissey & Lloyd, 2005). What is the word that goes with a public officer of a town or township responsible for keeping the peace? What causes unemployment in Namibia? - Answers The macro economic response is highly significant because the macro economic situation prior to COVID-19 has an effect on the recovery options that are available to the country going forward . Causes of high unemployment in Namibia The details below analyze the unemployment rate in Namibia and it reveals that jobless growth appears to be norm in the country with unemployment rate increasing even in the time of high economic growth as measured by GDP (gross domestic product). The reduced unemployment rise acted as mediators to the impact of the reduced unemployment to gross domestic product of the country. No tracking or performance measurement cookies were served with this page. Fill the Salary Questionnaire. The education system produces skills that are not valued by employers, while raising the expectations of those who acquire them. Topic: Labor & Social Protection Indicators, Note: This page was last updated on December 28, 2019, Home | About | Search | Site Map | Blog | Indicadores en Espaol. An unstable economy is another reason for the causes of. Unemployment is a major issue in todays society. The 5th pillar is on social cohesion, and community response. There are good outcomes that come from teenagers having a job, they can learn many useful skills that they can use in the future. Therefore, I would like to discuss why we should help our unemployed, The Effects of Long-Term Unemployment on the U.S. Economy This was due to the variety of financial products availed by the central bank in Namibia through the help of reduced unemployment -fiscal policy instruments (Bhattarai, 2005). Unemployment can be defined as the condition where citizens of a country are jobless and have in the recent past been involved in searching work without a success. Further, integration of global business and globalization of resources play key role in boosting economic growth especially in developing and underdeveloped countries (Bhattarai, 2005). Results from the two gap model illustrate that reduced unemployment may not have much impact on taxation expenditure but has a direct positive relationship with expenditure levels and government consumption (Basit & Ansari, 2015). Namibia, a developing country is witnessing a high rate of youth unemployment which has potential to degenerate into one of the major threats to its national security. Process of transferring data to a storage medium? Finally, chapter 5 concludes study results and offers the recommendations. Unemployment, male (% of male labor force) (national estimate) in Namibia was 21.13 as of 2018. Better Essays Advantages And Disadvantages Of Poverty In South Africa Providing essential services is a huge task, not only because of the apartheid backlog but also the rapidly growing population. Studies have shown that over the last 6 decades Namibia has been receiving reduced unemployment but its social economic status has not been improving to reflect the importance of this help (Ahmed &Wahab, 2011). Moreover, more evidence show that the total relationship between the government expenditure and reduced unemployment was both strongly positive and statistically significant (McGillivray, 2003). Most of the reduced unemployment is used on adding to the investment ratio which affects the low level of the countrys employment levels and make it even worse (McGillivray & Morrissey, 2001). Studies have shown that many developing countries such as Namibia have budget deficits despite the constant prevalence of reduced unemployment (McGillivray & Morrissey, 2001). Adults are more likely to be unemployed because of physical and mental health challenges. Reduced unemployment can be described as the number of persons in a country that are actively looking for employment opportunities but have not found any. Universal Basic Income: Analysis of The Cases of Namibia and Canada Get custom essays However, there is a solution to these problems, the implementation of a universal basic income would drastically improve the lives of millions across the globe, giving them enough income to feed their families and have a higher quality of life.
