Furthermore, we should not forget that the crisis was a financial crisis, and therefore financial policies are also essential. It is important to further improve the resilience of the financial system by strengthening sectoral balance sheets, and having an appropriate financial regulatory and supervisory framework, and a robust macroprudential policy framework.10 But the rise in youth unemployment has also deeply rooted structural reasons.
Firstly, the theme challenges each of us to critically think about the type of research we undertake and how the resultant findings contribute to national economic policy initiatives designed to drive transformative economic growth.