The World Bank and its partners are hosting the International Essay Competition, with the 2010 topic being Youth Unemployment.

The Challenge:

Open to contests between the ages of 18 and 25, the entry should answer the following two questions:

1. How does youth unemployment affect you, your country, town or local community?

2. What can you do, working together with your peers, to find a sustainable solution for job seekers through youth entrepreneurship? Think specifically about the barriers youths face in the labor market and how to tackle difficulties in accessing capital for business startups.

Use concrete examples if you have personal experience as a young entrepreneur and if not share your ideas about how you would go about creating a business/ work opportunities in your local community/ town/ country.

The Award:

Eight finalists will participate in the Final Jury in Stockholm, Sweden, in May 2010, and attend the Annual Bank Conference on Development Economics (ABCDE).

Monetary awards are:

  • 1st prize: 3,000 USD
  • 2nd prize: 2,000 USD
  • 3rd prize: 1,000 USD

Full contest details can be found at:  http://www.essaycompetition.org/

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