Differentiate between unemployment in developed countries and unemployment in developing countries.

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answered Aug 30, 2022 by SayantaniGhosh (83.3k points)
selected Aug 31, 2022 by Vineshk

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Difference between unemployment in developed countries and unemployment in developing countries.

Unemployment in developed countries	Unemployment in developing countries
1. Developed countries experience more of frictional unemployment and cyclical unemployment.	1. Developing countries experience more of disguised unemployment.
2. In developed countries unemployment lasts for a short duration.	2. In developing countries unemployment lasts for a very long period because the country needs to change the structure of the economy.
3. The economic growth developed countries is unemployment can be suitable economic policies.	3. In developing countries the population growth is high whereas economic development is low. Hence, unemployment rate remains high and cannot be solved easily.