The world is entering a decade defined by two hard realities: a historic demographic surge and tighter public finances.

Over the next 10 to 15 years, more than 1 billion young people in developing countries will reach working age. They deserve the income, stability, and hope that only a job can provide.

Yet current projections suggest that far fewer jobs will be created. The gap is large — and it is growing. It’s exacerbated with every shock — conflict, natural disasters, and economic volatility.