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Unemployment is a global issue 

Published : Tuesday, 18 February, 2025 at 12:00 AM  Count : 408

Dear sir,

Unemployment is one of the most critical global issues particularly in least developed countries. These countries are often characterised by limited economic development, weak infrastructure and dependence on agriculture or resource extraction.
Therefore, they face extreme levels of joblessness compared to developed nations. The world system theory of Emmanuel Wallerstein divided the world into three regions: the core, the semi-periphery and the periphery.

For instance, USA and the western European countries are considered core while India and Brazil can be considered semi-periphery and African least-developed countries as well as Bangladesh can be considered periphery. Peripheral nations serve as suppliers of raw materials and cheap labor for core economies.

Masrur Sifat
Undergraduate student,
Department of International Relations
University of Rajshahi.


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