Employment prospects through CSR programmes.
It’s incredible how high the unemployment rates have persisted in the Mediterranean basin. Without an end in sight, the percentage of those out of work has steadily gone up, despite the opportunities for growth in the agricultural sector.
Mainly, countries rich in biodiversity, including Greece, Spain, Italy, Croatia, and Cyprus have untapped potential to make their agricultural output great again. Instead of crafting work relief programs, these countries are misguided through desperate actions of claiming loans to fund more debt and social welfare initiatives.
Work-relief programme vs Social welfare programme
Do not get me wrong; I believe that social welfare is useful for those not able to work and in danger of falling into the poverty trap. However, a nation-wide work relief program would be more beneficial in the long run for the individual and society. Millions of long-term unemployed Mediterranean would preserve their dignity and working skills.
To address this unfortunate economic phenomenon, the high-performing corporations could exercise impactful corporate social responsibility (CSR) programs across geographical borders. By joining forces with the public sector of countries plagued with high unemployment rates, CSR programs can be designed to establish long-term work- and skills development projects, particularly in the fields of sustainable agribusiness and GreenTech.
Perhaps the European Commission and its member-states could mandate an incentive-driven program for enterprises of all sizes to create employment and stem a tide of societal degeneration?
Corruption is a byproduct
I know the cynics reading this would scream this proposal as a breeding ground for fraud and corruption. But realise this: Corruption is a byproduct of Public-Private Partnership (PPP), and only behavioural reform and possibly technology can banish fraudulent activities. Your argument is welcomed in this respect.
A work relief program initiated by CSR and powered through PPP may force high initial investments with no immediate returns, but in the long run, the benefits include high national output, healthy competition, higher consumer spending, preserved self-respect for those out of work, and more.
Just a thought. What are yours?