The reasons for unemployment in the developing nations.

[Activator230822]

There are so many reasons as to why it's not that easy for one to get employment opportunities on the third world countries.
Some of those reasons are outlined below;

-Lack of creativity and innovation
Most third world countries are not able to create more chances and employment opportunities for their people because they lack the technical know-how on the production of jobs.

-Low industrialization and technological ulitilisation
The developing countries doesn't take part in the production through the industrialisation and the emerging technologicl trends.
Instead most of them would depend on the importation of the ready made products from the western countries for that matter.

 

[Phantasm]

Developing world unemployment may result from illiteracy, overpopulation, lack of stability in economy, technology updating and inadequately developed private sector. Most people do not have the know how required for jobs available leading to unskilled labor force. High population growth brings about competition for limited job openings. Insecure economies, poor governance and corruption hinder availability of jobs. Technological advancements can make jobs disappear; especially in farming and factories. Weak private sectors with credit controls & restricted resources prevent employment opportunities. Therefore, these factors make it complicated to address unemployment as an issue in developing nations.

 

[Leah Kelvin]

Population growth, limited access to education and skills, economic instability, as well as the predominance of informal sector are the major causes of increased unemployment in developing countries. In developing countries, there is usually a high labor supply but minimal employment opportunities leading to increased unemployment rates. The unavailability of skilled personnel emanating from inadequate training and education results in unfulfilled vacancies. Unemployment can be attributed to political instability, characterized by insecurity and fraud that could hinder investment from abroad and creation of jobs. High prevalence of informal economy with poor output and substandard working conditions limits formal job opportunities among many people who remain under-employed.