The Middle East has the highest unemployment percentage of any region in the world we have the largest youth cohort of history coming into the market place that frustration does translate into the political sphere when people are hungry and without jobs.
Interpretation
High unemployment among youth in the Middle East can lead to political unrest.
This quote highlights the critical situation in the Middle East, where a large number of young people are entering the job market without sufficient employment opportunities. This frustration stemming from unemployment and hunger is likely to manifest in the political domain, potentially leading to instability and conflict as the youth demand change and better conditions.
In practice
During a seminar on economic development, one could quote this to emphasize the urgent need for job creation.
I have the responsibility of over four million people, and I am in a position to do good, to be able to bring about a new life for my people, and I will continue to move in that direction. It's a burden, but it needs to be done, and you have to have the courage and wisdom to see it through.
All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.
As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and make sure we are not leaving a mountain of debt for the next generation.
We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.
Prosperity cannot be restored by raids upon the public Treasury.
All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth.
To restore confidence in our markets and our financial institutions so they can fuel continued growth and prosperity, we must address the underlying problem. The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy.
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