August 21st, 2006 · Posted By Sujata Gamage · 10 Comments
If you thought graduate unemployment is a big problem here in Sri Lanka think again. In China, 40% of new graduates are expected to be unemployed in 2006 translating to an astounding 2.5 million new graduates without jobs. Similar rates are reported from the Philippines. We don’t have statistics for other countries but, generally, unemployment of graduates seems to be a severe problem all over the developing world. In Sri Lanka our birth rate for public university graduates seem to be just about what we can afford. In 2005/6 China and Philippines produced 3 and 5 graduates per capita, respectively….