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GLOBAL
Theres much buzz around the world these days about harnessing the potential of youth
to ignite future economic growth and development. As societys most idealistic group,
they are full of energy and new ideas to start a new venture or challenge the status quo.
Yet youth, more often than adults, face myriad of challenges to becoming
entrepreneurs.
In this weeks Economic Reform Feature Service article, three winners from CIPEs 2012
International Youth Essay Competition in the Entrepreneurship and Innovationcategory,
explore various topics about youth entrepreneurship, including: what barriers do young
entrepreneurs in their countries face in translating their ideas into products and
services? How do young entrepreneurs foster new ways of acting and thinking?
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GLOBAL
Thank you for everyone who participated in CIPEs 2012 Youth Essay Competition!
We received over 330 submissions from more than 60 countries, including Democratic
Republic of Congo, Egypt, Kazakhstan, and Zimbabwe. It is truly inspiring to read about
personal struggles and accomplishments of so many young entrepreneurs around the
world.
The essays are currently being reviewed by a panel of international judges with
experiences in youth empowerment and entrepreneurship. They are:
This weeks Economic Reform Feature Service articles highlight the final two winning
essays from CIPEs 2011 International Youth Essay Competition. Riska Mirzalina and
Ruth Nyambura, the second and third place winners respectively in
the Corruption category, discuss how youth in their countries can engage in anticorruption movements and advocacy to change the status quo.
In Riska Mirzalinas The Cost of Corruptions: A Tale from Indonesia she points out that:
A large percentage of Kenyas GDP is used to repay foreign aid. Much of the
foreign aid is lost or misappropriated due to corruption.
Kitu kidogo is a Kiswahili euphemism for a bribe. Bribes are pervasive in all
facets of Kenyan life. As a result many entrepreneurs are choosing to leave the
country, which has a negative effect on Kenyan society as a whole.
The new generation will bear the brunt of corruption. Therefore the youth should
refuse any form of corrupt practices including cronyism, nepotism and tribalism.
By utilizing technology and adopting social media platforms the youth can fight
corruption.