labels: world bank, economy - general
World Development Report 2007 focuses on youth education, health and trainingnews
Developing countries, wh
29 September 2006

Developing countries, which invest in better education, healthcare, and job training for their record numbers of young people between the ages of 12 and 24 years of age, could produce surging economic growth and sharply reduced poverty, says the World Bank's World Development Report 2007, released at the Bank-Fund annual meetings in Singapore this month.

More than 3,000 young people in over 35 countries were consulted for the preparation of this report.

With 1.3 billion young people now living in the developing world - the largest-ever youth group in history - the report says there has never been a better time to invest in youth because they are healthier and better educated than previous generations, and they will join the workforce with fewer dependents because of changing demographics.

"Such large numbers of young people living in developing countries present great opportunities, but also risks," said  Fran├žois Bourguignon, the World Bank's chief economist and senior vice president for development economics. "The opportunities are great, as many countries will have a larger, more skilled labour force and fewer dependents. But these young people must be well-prepared in order to create and find good jobs."

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World Development Report 2007 focuses on youth education, health and training