Why are steady, formal jobs—such as many take for granted in rich countries—so scarce in low- and lower-middle-income countries; and what can be done to promote formal job creation?
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Middle Income Countries are a diverse group by size, population and income level, and are home to 75% of the world’s population and 62% of the world’s poor. MICs also represent about one-third of global GDP and are major engines of global growth.
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Why are steady, formal jobs—such as many take for granted in rich countries—so scarce in low- and lower-middle-income countries; and what can be done to promote formal job creation?
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