Entering or exiting entrepreneurial ventures can come with severe costs and consequences, such as hefty fines that can lead to imprisonment, deterring individuals from considering entrepreneurship.
SMEs may not be able to navigate complex tax structures and legal frameworks. Further, policies in some countries disincentivize the creation of SMEs altogether.
Labor laws and regulations can disincentivize self-employment with stringent liability clauses or complex administrative requirements. Lack of affordable choices for individual health and pension plans also deter self-employment.
Employment-related policies and regulations can be prohibitively costly. Fees like employer taxes and mandatory social benefits lead employers to hire less risky, experienced workers instead of young employees.
Many countries still rely on a traditional education system that does not teach students the skills employers need. Most countries lack policies to support non-traditional options like Massive Open Online Courses.
The International Labour Organization finds that too much or too little regulation leads to poor employment outcomes. Rather...
Countries with the lowest youth unemployment rates have one thing in common: a close connection between education and work. To...