What measures should be taken to curb unemployment in an economy
- Ensuring political stability and crime reduction; encourages investment and job creation.
- Improvement of infrastructure; several roads are being constructed and renovated to encourage investment and labour mobility.
- Power generation and rural electrification; encourages investment in rural area increasing job opportunities
- Education reforms; Encourages vocational education; to provide people with employable skills.
- Promotion of economic integration; to expand market and investment and labour creation and mobility.
- Measure to reduce population growth such family planning
- Privatization of public enterprises increases efficiency and job creation.
- Liberalization of economy. Attract more potential investors
- Development of financial institution like banksto provide credit to local investors to boost production and hence job creation
- Setting up investment institution such Uganda investment authority (UIA) to promote investment and job creation.
- Modernization of agricultural sector. This reduces the rural under employment and encourages the population to engage in agriculture.
- Advertising existing jobs. Job centers are being created to provide job awareness.
- Adopting land reforms that increase land usage.
- Adopting the price policy to stabilize prices of agriculture outputs to encourage employment in agricultural sector
- Diversification of Agriculture: to increase profitability of agriculture.
- More assistance to self-employed people: with finances and technical training to grow and create employment.
- Decentralization of industrial activity in to spread employment across the country.
- High rate of capital formation: government should make investments leading high job creation
CATEGORIES Economics
TAGS Dr. Bbosa Science
