10 Nations that Lack Efficient Manpower

5. Hong Kong:

Hong Kong, one of the world’s leading international financial sectors is currently ranked as the 15th largest exporting country in the world. Its service-oriented economy is distinguished by low taxation, and well established international financial market. With an estimated unemployment rate of about 3.4 per cent in Hong Kong, it has raised many social and economic problems. For instance, the rate of suicide increases. Moreover, the high unemployment rate results in the increase of the rate of crime. The main reason of unemployment is faster growth in total labor supply and change in the economic structure. Because of it, 57 percent employers are finding it tough to recruit manpower in their organizations.

6. Bulgaria:

Bulgaria, an industrialized upper-middle-income nation is one of those nations facing severe manpower shortage. Unemployed as well as low skilled people are the groups most at risk of income poverty which indicates that social inclusion and anti-poverty policies should rely much more on labor activation measures, through education and training. The unemployment rate of this country is 9.9 percent and even though 54 percent of employers are on the lookout for  new employees, they are not successful enough. In Bulgaria, the main providers to GDP include services (63.2 percent), industry (31.2 percent), and Agriculture (5.6 percent).

Also Read: World's 10 Places with Excellent Medical Services

Also Read: Most Nerve-Racking Global Infra Projects