Syrian refugees in Turkey are leading the way pioneering web-based services that provide access to information their community needs to help them set up a new life. They have quickly won support from international companies and organizations, and now their apps and online platforms provide displaced communities with housing and job listings, translations of Turkish laws, advice on getting residence permits, opening a bank account, and more.
Weak productivity growth is a major problem afflicting most societies. It curbs growth in incomes and endangers the sustainability of social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms and, among them, “zombie firms” – in essence firms that would typically exit or be forced to restructure in a competitive market.
African economists attending the 12th African Economic Conference in Addis Ababa, Ethiopia, have called for more radical monetary policy reforms and an overhaul of the tax policy regime in most countries in order to guarantee the welfare needs of the local population.
Gas exploration and drilling activities in Israeli and Cypriot waters along with licensing rounds for blocks near the super-giant Zohr gas field raise the likelihood for large gas discoveries in the East Mediterranean. Israel and Cyprus speed up efforts for the development of energy resources to be primarily channeled to Europe.
Overall economic growth remains disconnected from employment generation, the United Nations International Labour Organization (ILO) has warned, noting that young people continue to suffer from persistent unemployment and lack of quality job opportunities.