There is a general consensus that affirms that a double dip recession it is not likely to happen in OCDE countries. A fact it is that although an economic recovery is likely, the unemployment has turned to be the main issue for citizens of the development countries. More jobs were lost in the last recession than in the past four combined. The jobs will return unevenly. In the States something close to 8 million jobs were lost. And although there was a surprising 297.000 job jump in private sector employment in December, it will take a long time, perhaps as long as 2015 to get to an unemployment rate of 6%. In the last decades we have seen some countries were high unemployment went hand in hand with the solid economic growth: Britain and West Germany in the mid -1980s, Australia in the early 1990s, Canada in the mid-1990s or South Africa today. For some western countries the chronic high unemployment is something new that will only be fought by searching jobs abroad. None of the 12 countries that are likely to grow over 7% in 2011 are in the western hemisphere: Qatar (15,9%), Ghana (14), Eritrea (10), Ethiopia (10), Uzbekistan (8,5) , China (8,4), India (8,2), Uganda (8), Haiti, Rwanda and Laos(7,5) and Liberia (7,3). It is a fact that when a country comes out a bad year a 2 digit increase it is more likely to happen but after a 3 year recession the figures of new jobs are pale in Europe meanwhile their biggest corporations develop their economic sustainability in the BRICs alike countries and not in their hometowns.
Is there a big bulk of employees of the so used to call first world that will end developing their careers in the “not so long anymore” developing countries?
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