Question

ISSUES ANALYSIS: You should prepare a brief (350 – 500 words) analysis of an issue relevant to Macroeconomic. Pick a topic. The purpose of these analysis assignments are to analyze a current issue. To do this, you should obtain a news article from a reputable news source, and conduct an analysis of the topic.

Answer 1

Topic: Unemployment problem in developing countries.

I have taken the reference of a news that was published on the news website called News18

Link: https://www.news18.com/news/opinion/as-india-stares-at-record-unemployment-govts-acknowledgement-just-first-step-towards-battling-crisis-2178459.html

The news states that India is facing one of the biggest challenges of the increasing rate of unemployment over the years. It is alarming the government to take effective steps as soon as possible to eradicate this trend. But the Prime Minister of the country, Narendra Modi,  seems to disagree with the problem. However, it is quite relieving to see the government taking steps to solve this problem. Modi formed two Cabinet committees to address this issue out of which one is given the task of dealing with the job challenges. Unemployment has always been a major issue in India. According to the Indian government, there were 31 million people without a job in the year 2018.

Talking about the unemployment issue in the world, over one-fifth of all young people worldwide were unemployed in the year 2018. The progress that is made in the past ten years is of not much difference. Young people are roughly twice as likely to be unemployed compared to adults, with the global youth unemployment rate. Women are still trying to bridge the labour gap with the men but are failing to do so. Only 48 per cent of women is employed as compared to men which are 75 per cent.

However, in order to escape from the unemployment problem, young people with the help of technologies are doing jobs that could hardly be imagined in history. For example, Blogging and Instagram marketing.