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MEYI Conference Proceedings: "From Oil Boom to Youth Boon"

7 January 2008

 

 

Panelists: 

Audio Transcript: 

A full transcript of the proceedings of the conference can be downloaded here.

Highlights:

 

Key points emerging from the panel discussion include:

  • In countries discussed, the youth bulge coincides with transitions from state-led to a private sector economies. This transition poses a special challenge in the effort to benefit from the “demographic gift” of the large youth population.
  • In many Middle Eastern states, a generally positive economic outlook has not translated into increased prospects for youth inclusion.
  • The role of education and the necessity of reform were seen as critical by the panelists, especially given the high rates of unemployment among educated youth.
  • In this regard, many panelists expressed concern that the education system was not able to receive or respond to properly signals from the labor market, leaving students unprepared for the demands of the new economy.  
  • A key issue is the redefinition of the social contract. Past generations benefited from a state-led social contract, which provided public sector employment and security. But as one panelist noted, this old social contract is dead, and (in part due to conflicting signals drawn from misguided policies) a new one is not yet born.
  • Panelists underscored the point that exclusion is a multifaceted phenomenon, with economic, social, and institutional causes and consequences.
  • Delayed marriage and the phenomenon of “waithood” in the transition from adolescence to adulthood pose serious challenges but also provide opportunities for analysis and policy recommendations.
  • Panelists expressed concerns that stopgap solutions that do not address the underlying structural issues have the potential to exacerbate the problems of youth exclusion. 
  • In this regard, several panelists addressed the importance of coordinated reform encompassing education, labor market, housing availability and marriage affordability.

 

Countries
Egypt
Iran
Syria
United States
Middle East