According to a recent World Bank brief, about 1.2 billion young people in developing countries are expected to join the labour market over the next decade. A pressing question now is where will the new jobs come from? How can we create 1.2 billion jobs for the new workers? The brief identifies three policy levers for catalyzing job creation.

• Investment in foundational infrastructure such as human, physical and digital infrastructure 
• Improving business environment by ensuring macroeconomic stability, efficient regulation and strong institutions 
• Mobilization of private capital by deepening capital markets and removing barriers to investment

To ensure large-scale job creation, the Bank recommends that there is need for complementary policies to focus on five key sectors with high potential for resilient, extensive job creation. These include infrastructure (including energy), agribusiness, healthcare, tourism, and value-added manufacturing.

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