Reference no: EM132903196

Write a Annotation for the following passage that answers the purpose, overall structure, and how it answers reserach question relating to Unemployment and lack of economic opportunity.

Unemployment is becoming an increasingly pressing problem in many parts f the world. Macroeconomics crises and increased globalization have put more workers at risk of job loss in Latin America and more recently, in East Asia. In an effort to transform themselves into market economies, former socialist countries have faced the enormous task of efficiently reallocating workers and jobs across sectors and firms, which has also led to unemployment and poverty of large proportions. In Europe economic growth has declined and unemployment risen since the 1970s. Particularly worrisome is the rise in the share of the long-term unemployed. Given these trends, the task of helping the unemployed has gained importance and attracted the interest of policymakers. Because job loss entails the loss of income, providing effective income support is a prime concern and a necessary component of assistance to the unemployed, be it in form of pure transfer or through jobs created by public programs. But other aspects must also be considered.