“10-15% of Companies Created Over 67% of Net Jobs in Europe & Central Asia,” Says World Bank
Unemployment remains a significant problem in the Europe and Central Asia region, which includes Russia, Turkey, Poland and 20 additional neighboring countries. A new publication from the World Bank entitled, “Getting Back to Work: Growing with Jobs in Europe and Central Asia” notes that only 52% of working age residents are employed in these nations.
The authors of this book also shared two findings that we believe are very important: 1) market reforms take a long time to generate results; and 2) high-growth entrepreneurship is critical to boosting job creation in the region. In fact, according to their analysis, “about 10 to 15 percent of all companies accounted for over two-thirds of net jobs created in the region before the 2008 crisis.”