International Economics Assignment: Analyzing the Dynamics, Costs, and Government Strategies to Combat Youth Unemployment in SG

Question 2:

“The global youth employment scene has improved over the past few years – but 65 million young people are still out of work, ….” – World Economic Forum (29 August 2024).

Identify one country where youth unemployment is high and answer the following questions:

1. Use theories and diagrammatic analysis learned in this module to discuss the economic dynamics behind the rise (or fall) in youth unemployment in your country.
2. Use examples and evidence to show the costs of youth unemployment in your country.
3. With reference to specific examples, discuss how recent government policies are being used to tackle youth unemployment in your country.
4. Evaluate the effectiveness and trade-offs of the current government interventions in addressing rising youth unemployment in your country. You should also discuss how additional policy measures could help reduce youth unemployment, explaining their economic rationale and potential consequences.