Tag Archives | labor-intensive sectors
Economics, Industry and trade, Regional cooperation and integration
Time for SMEs in CAREC to move beyond borders
One of the most daunting challenges for the countries participating in the Central Asia Regional Economic Cooperation (CAREC) program is how to create decent, sustainable jobs. For far too long, many CAREC countries have relied on the capital-intensive extractives sector to drive their economic growth. However, the slowing down of the global economic growth and reduced commodity prices resulted in the substantial increase in unemployment, especially among the youth.
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