BUSINESS
01/23/2014 08:48 am ET Updated Jan 24, 2014

Bill Reese, Veronica Colondam Talk Youth Unemployment: 'It's A Huge Problem'

Bill Reese, President and Chief Executive Officer of the International Youth Foundation, and Veronica Colondam, founder and Chief Executive Officer of the YCAB Foundation, joined HuffPost Live at Davos to talk about youth unemployment.

"It's a huge problem," Reese said. "There needs to be huge job growth, but that requires economic growth."

Reese said it will take faith in both government and business to make an impact on youth unemployment.

"We need governments that function well," Reese said. "It's not business versus government. We need to have faith in both."

Reese said "we need the school systems breeding the right types of people" to work and grow the economy.

"We want to prepare young people who have the ability and desire to start a business and be successful, but I'll make the case that every young person needs to be entrepreneurial," Reese said.

As for those living in poverty, Reese said it's difficult to think of the conditions they're surrounded by.

"There are still 2 billion people out there that aren't in this working and middle class, that live on a dollar or two a day," Reese said. "How do you really live, when we spend a dollar on a bottle of water?"

Colondam agreed, adding that a person's surroundings can affect their sense of entrepreneurship.

"I think the mentality part is also connected to their ability or self-worthiness," Colondam said.

"When you live in the slum, all you see is just neighbors with the same type of house... food vendors, and their aspiration is just, 'I'm going to go work there,'" Colondam said.

She said the YCAB Foundation is working to show people in that situation a world outside of their own, even just by taking them to visit a new city or go to a movie.

Watch them on HuffPost Live above, and see updates from Davos below:

01/25/2014 10:07 AM EST

Bill Gates Discusses The Hyper-Connectivity Concern

01/25/2014 10:06 AM EST

Polman's View On Work/Life Balance

"We are very fortunate to do what we like to do... so I get a lot of energy out of what I do," Polman said.

"I don't personally believe in work/life balance," Polman said, adding that he hopes to have a happy life balance that includes his work.

"We have to watch what we do, I like to run so I do that every day, and increasingly watch what you eat and maintain your health a little bit," Polman said.

01/25/2014 10:00 AM EST

'We Have A Moral Obligation'

"I think we have a moral obligation to use what is given to us for the benefit of all," Polman said.

"We have no rights to exclude people," Polman said.

01/25/2014 9:59 AM EST

Statue Of Responsibility

"I always say when they built the Statue of Liberty on the east coast of the United States, they forgot to build the Statue of Responsibility on the west coast," Polman said.

01/25/2014 9:56 AM EST

'We Really Need To Move Into Reaction Mode'

"I think people are starting to discover that we really need to move into reaction mode," Polman said.

Polman said the political process has become "incredibly difficult" and is riddled with "poor agreements."

"There is some progress but frankly, not fast enough, and the business community can not wait," Polman said.

"There is more of an urge from responsible business... to drive to action," Polman added.

01/25/2014 9:55 AM EST

'There Is An Enormous Demand On Food'

"Obviously as the population grows with the changing dietary habits, there is an enormous demand on food," Polman said.

Polman said he's worked to find sustainable solutions to food production.

01/25/2014 9:52 AM EST

'There's An Enormous Pressure On The CEO Of Today'

Arianna sat down with Paul Polman, CEO of Unilever, on HuffPost Live at Davos on Saturday to talk about pressure in business.

"There's a lot of pressure on the short-term," Polman said.

"There's an enormous pressure on the CEO of today," Polman added.

Polman said "the real purpose of business is to serve society," not to cater to the shareholder, but often the latter is what CEOs are focused on because of pressure.

01/25/2014 9:22 AM EST

Al Gore: 'We Need To Put A Price On Denial In Politics'

01/25/2014 8:49 AM EST

Brad Smith On Unplugging

Smith said he unplugs by getting outside and learning new things by doing things like reading.

"To me, that's a real joy," Smith said.

01/25/2014 8:45 AM EST

Relationship Between Business And Government

Smith said the relationship between business and government has a few different dimensions that usually exist at the same time.

"The government defines the laws and we comply with them," Smith said. "There may be times we think the government goes too far and we challenge them... there are times when we work together. There are times when the government is our customer."

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