Unemployment in Columbia

Its infamy impacts tourism and trade, despite Colombia being the heartbeat largest producer of coffee in the world. The unemployment, especially among the youth, acts like fuel to the ardour with regards to Colombians economic uncertainty. The bucolic Itself does have the potential to have a motionless economy and at least the minimum acceptable level of worldly concern welf atomic number 18. It will be Inte reprieve to analyze why the country Is entang guide In warf ar Instead of welfare, which Is why I have elect It to be the topic of my research. 2. Relationships between selected economic concern and country? saving/other variables (40 points) According to the US Central Intelligence Agencys (CIA) World particular Book, Colombia had a total work force of about 21. 27 million (2010 estimates). For a country whose population stood at 44,725,543 (2011 CIA estimates this figure is abysmal. The unemployment rate is at 11. 8% (2010 estimates). It is also important to none that nearly half of the country population (45. 5% 2010 estimates) lives below the poverty line. According to a SEPAL (United Nations economic Commission for Latin America and the Caribbean) 1 7% of these are homeless.It Is pellucid that when a errors remains unemployed for a long time, he or she cannot provide the bare necessities of life for their families. However, the high level of poverty In Colombia Is not just attributed to unemployment alone but to the quality of work that those who are employed have. Nearly 32% of those who state themselves to be employed do not have a formal work contract or access to a healthcare system while 48% take aim informal jobs such as street vendors and garbage recyclers (SEPAL). So not only is the population of Colombia plagued with unemployment but those who are employed ark in real low paying jobs.When a person is unable to support his or her family by legal means, they find themselves to be helpless and turn towards misappropriated trades to earn a living. This applies especially to the youth, who find themselves without an education, without a job and without a bright future prospect. They tend to get Involved in the topical anaesthetic drug mafia In one way or the other. Those who are considered Incapable of violence or physical brutality, find work on cocaine farms while the others get Involved In more hazardous aspects of the trade.This draining of possible working populace towards an Illegal sector Tanat Is cause more nary than good to ten overall progress AT ten nature takes its toll on the economy. High unemployment has also led to an increase in the economic class divide among the population. The upper class, which accounts for 20% of the population, accounts for about 75% to 80% of the Gross National Product (GNP). The rest of the 20% GNP is shared between the remaining 80% of the population. macrocosm far richer than the masses, the elite class has access to education, healthcare and security.