End-2021 will see almost two million people unemployed and under-employed — and this is in a labour market of about 16 million people. Solving this problem requires — paraphrasing Michael Lewis — looking for “new new” things to do, including new ways of doing things. We have failed to find “new new” things by doing things the same old ways. But most importantly, what fundamental changes have we made in doing the things we do and doing new things? The challenge is to come up with niche products and services that can be marketed beyond the local market.

Source: The Edge Markets June 29, 2021 03:33 UTC