“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.”
An excellent infographic that illustrates the results of the publication can be found here. More information on the book is located here.
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