How can governments and NGOs raise employment and reduce the risk of violence among these poor and risky populations? Aid programs increasingly focus on helping youth through markets, especially through microenterprise development. The logic of this assistance, however, rests on the existence of market failures among the poorest of the poor: imperfect credit markets, or…
Cash Transfer
Girls Empowered by Microfranchising
Integrating young adults into the formal labour market is a major challenge facing developing nations, particularly in Africa (World Bank 2007). High levels of unemployment, especially among youth, have led many policymakers to advocate microfinance (cf Yunus 1999) and other forms of credit market expansion aimed at promoting entrepreneurship. However, empirical evidence on the overall…