Dec 18, 2015

    S'pore 4th in aiding youth economic progress

    SINGAPORE ranks fourth among 35 cities in facilitating youth economic progress, according to an Economist Intelligence Unit (EIU) study.

    It came in behind Toronto, which was first in the ranking followed by New York and Chicago.

    The research was commissioned by the Citi Foundation, and scored cities on 31 quantitative and qualitative indicators which contribute to youth economic prospects.

    Results of the study were grouped into four index categories: government support and institutional framework for youth; employment and entrepreneurship; education and training; and human and social capital.

    Singapore ranked first for the employment and entrepreneurship category and ranked among the top 10 in the other three categories.

    The EIU also surveyed more than 5,000 youth aged 18 to 25 across 35 cities on their living situation, education and professional aspirations. The respondents were also asked about their level of community engagement and economic outlook.

    Singapore did well in civic engagement with 47 per cent of the respondents having participated in programmes that help their living environments in the last two years. It ranked 16th out of 35 for this category, with Bangkok coming in first at 71 per cent.

    However, just 28 per cent of participants here said they have moved in the last five years for school, work or a better life, a low score according to Citi.

    The research was conducted to provide insights to support the efforts of public and private initiatives on preparing urban youth to thrive in today's economy, Citi said in a statement.