• Stimulating Economies through Fostering Talent Mobility report demonstrates the magnitude of an impending global labour crisis by analysing talent shortages across 22 countries and 12 industry sectors and argues that talent mobility can stimulate economies in both developed and developing countries.
• By 2030, the developed world will need millions of new employees to sustain economic growth (US: 26 million employees; Western Europe: 46 million employees).
• Developing countries, not affected by ageing populations (the workforces of India and Brazil will grow by more than 200 million people over the next two decades), will also face huge skills gaps in some job categories due to low employability.
Stimulating Economies through Fostering Talent MobilityGeneva/New York, 23 March 2010 – Despite high unemployment, the global economy has entered a decade of unparalleled talent scarcity. If left unaddressed, it will put a brake on economic growth in both developed and developing countries, warns Stimulating Economies through Fostering Talent Mobility, a new report released today by the World Economic Forum in collaboration with The Boston Consulting Group (BCG).
“Today’s high unemployment rates mask longer-term talent shortages that may affect both developing and developed countries for decades,” said Piers Cumberlege, Senior Director, Partnership, at the World Economic Forum. The global population of 60 years and older will exceed that of 15 years old or younger for the first time in history by 2050.
See full Press Release.
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