By Davide Furceri and Prakash Loungani
(Versions in عربي, 中文, Français, 日本語, Русский, and Español)
Unemployment is a global problem. If the unemployed formed their own country, it would be the fifth largest in the world. Of the nearly 200 million people around the world looking for work, half are in emerging markets and about a quarter in advanced economies, reflecting the growing weight of emerging markets in the global labor force (Figure 1).
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