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Youth Employability in WB Countries: Can They Look Up to Youth in Developed Countries?
Abstract
Transition in WB countries was supposed to enable the establishment of a better economic system. However, not all transitional countries have been conducting appropriate follow-up activities during their transition process. Success of transition depended on the country's internal factors and on their pre-transition economic situation? In all WB countries privatization led to high unemployment rates, low GDP growth and poor living standards especially for youth. At the same time, the transition has had positive effects in other transition countries like the Czech Republic, Estonia, Hungary, Latvia etc. The aim of this paper is to research a position of the youth in WB transition countries including Serbia, Montenegro, B&H, and Macedonia. The paper will follow the changes in youth unemployment in the period 2000 to 2014 in WB, other transition and EU15 countries. Comparisons of the achieved youth unemployment levels will give the opportunity to determine which the good practices are used in other developed countries that have resulted with significantly lower youth unemployment rates.
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