Deepening Integration in SADC - Fes-botswana.org
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ga<strong>in</strong>ful employment <strong>in</strong>clud<strong>in</strong>g self-employment <strong>in</strong> the <strong>in</strong>formal sector.<br />
Until 2010, 450,000 to 500,000 young people are expected to enter<br />
the labour market <strong>in</strong> Mozambique annually with different levels of<br />
educational atta<strong>in</strong>ment (World Bank, 2004).<br />
The World Bank's Investment Climate Assessment found that overall,<br />
the private sector's attitude towards <strong>in</strong>vest<strong>in</strong>g <strong>in</strong> tra<strong>in</strong><strong>in</strong>g is rather<br />
ambivalent. Most employers saw no need for further tra<strong>in</strong><strong>in</strong>g of their<br />
workforce. While large companies with state-of-the art technology<br />
<strong>in</strong>dicated preparedness to set aside means for tra<strong>in</strong><strong>in</strong>g of their<br />
workforce. This is not the case for many medium and small enterprises<br />
that have not been able to <strong>in</strong>vest <strong>in</strong> new production equipment and<br />
are struggl<strong>in</strong>g to stay <strong>in</strong> the market. (World Bank, 2004)<br />
Table able able 21: 21: Investment Investment Climate Climate Indicators:<br />
Indicators:<br />
(Mozambique versus World's Most Regulated and Least Regulated Countries)<br />
Countries Countries<br />
Hir<strong>in</strong>g Hir<strong>in</strong>g and and Fir<strong>in</strong>g Fir<strong>in</strong>g W WWorkers<br />
W orkers<br />
MOST MOST REGULA REGULATED<br />
REGULA TED<br />
Employment Employment Law Law Index Index<br />
Flexibility Flexibility Flexibility of of Fir<strong>in</strong>g Fir<strong>in</strong>g<br />
Fir<strong>in</strong>g<br />
1. Azerbaijan .67 .30<br />
2. Belarus .79 .73<br />
3. Bolivia .64 .57<br />
4. Burk<strong>in</strong>a Fasso .53 .23<br />
5. Cameron .50 .45<br />
6. Ecuador .60 .67<br />
7. Madagascar .65 .56<br />
8. Mexico .65 .71<br />
9. Niger .73 -<br />
10. Philipp<strong>in</strong>es .56 .57<br />
11. Mozambique .77 .71<br />
LESS LESS REGULA REGULA REGULATED<br />
REGULA TED<br />
1. Jamaica .39 .13<br />
2. Denmark .30 .12<br />
3. UK .34 .20<br />
Source: World Bank Wash<strong>in</strong>gton, DC 2003<br />
"Do<strong>in</strong>g Bus<strong>in</strong>ess <strong>in</strong> 2004"<br />
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