How do you decrease the unemployment and underemployment rate of a third world country?

look into the economic history of that nation and see what sector must really be developed.. and see what are its strength.. like if it%26#039;s got good land, then agriculture.. or if nice people then the service industry.. unemployment and underemployment are usually rampant because the government oversees areas that could be developed..

its nice to allocate as much as possible the national budget in the development of array of sectors.. but if its much cost-productive if you channel them into a few sector.. but to which the following governments need to development as well..

the problem nowadays is merely politics.. one government would develop this and then the next would do another (usually happens if from different parties..) its this dirty politics that downplay everything, really.. them and their political ambitions.. and not to mention, the graft and corruption..

if the politicians and the power-players would just learn about efficiency and teamwork, for sure there%26#039;d be a decrease in unemployment..

How do you decrease the unemployment and underemployment rate of a third world country?credit card debt

open a business there and hire people.

How do you decrease the unemployment and underemployment rate of a third world country? loan

Build big factories|||mass murder, creates more jobs, someone has to bury the bodies.|||Mini investments have increased local production of small products: like sewing machines; pumps; drilling a well; small dams; etc.|||Education, investment and cutting down

on red tape with a keen eye from a non

corrupt government.|||hi bea :)) hahahaha!! nice question! :))|||One great way to do it is to take advantage of the relative price of labor in third world countries (TWCs). Due to the fact that in TWCs the price of labor is cheap, it gives workers there a comparative advantage. TWCs can use this to their benefit by liberalizing their trade and tariff rules so that countries that have money to invest come in and open new factories, stores and services to take advantage of the labor prices. A great example of this is China and India. Although it may seem like a very low wage to people living here in the United States, the alternatives for workers there is often not to work at all.|||It%26#039;s all about investing in human capital. More specifically, as was said earlier, education. First off, those students, by definition would not be unemployed(thus, it decreases underemployment) But, you need education to grow as an economy and, more importantly as a people. If you just keep doing the same thing over and over again, what%26#039;s the point? Education provides many opportunities. Investment in human capital increases productivity and enhances an economy. It%26#039;s a proved fact.