Right now, jobs are what matter. A resounding win for Mitt Romney in the first Presidential debate was wiped out in the polls by unemployment in the US falling below 8 per cent; no wonder President Obama looked so relaxed.
But for the 200 million people currently unemployed worldwide and the millions of others fearing redundancy or coming to the end of their education with uncertain prospects, there is no relaxing.
It is that stark figure and all the social consequences it entails that means jobs will be the main focus of this week’s annual meetings of the World Bank and International Monetary Fund.
And nowhere is the jobs situation more stark than in the developing world. With child mortality in long-term decline, the number of working age people in developing countries is soaring. Continue reading