[Excerpt] Young women and men are the world’s greatest asset for the present and future, but they also represent a group with serious vulnerabilities. In recent years increasing global unemployment has hit young people the hardest and today’s youth are faced with high levels of economic and social uncertainty. All too often, their full potential is not realized because they do not have access to productive and protected jobs. Compared to adults, the youth of today are more than three times as likely to be unemployed. Yet open unemployment is but the tip of the iceberg. In both industrialized and developing economies, young people are more likely to find themselves working longer hours under informal employment, intermittent (temporary, part...