The situation has been exacerbated due the economic downturn of global economy resulting in an increase in unemployment in the developing countries. Unemployment and poverty, both human and economic, are the major challenges confronting the developing countries. Unemployment and under-employment generate social unrest and undermine cohesion and stability. Unemployment in many cases is a major cause of political instability in various parts of the world. It would be in our collective interest to draw upon this enormous human resource and benefit from their contribution in development.
Poverty generates deprivation.
It reflects denial of choices and opportunities. The recent South East Asian economic crisis threatens to push more than 50 million people into poverty in only one country alone. The social costs of one dimensional globalization are too high for the developing countries. This calls for an urgent action by the international community. The prevalence of social unrest, violence and armed conflicts in various parts of the world have also added to the economic deprivation, deepening of poverty and social disintegration of societies.