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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 />

115

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