Employment and the Economy

  Youth I.D.E.A.S. 47 Employment and Economics Development Enriching the Experiences of Working Youth through Overseas Exposures 31 September, 2019     Hong Kong is a cosmopolitan city that bridges east and west. It is also an international trade and financial centre. According to the Census and Statistics Department, 9,040 businesses with overseas parent companies are located here and employ 493,000 people. These businesses cover major industries such as trade, wholesale, retail, finance, and professional and business services.[1] Staff with overseas experience are needed for the daily operation of these businesses as well as for their future overseas expansion.   […]

  Youth I.D.E.A.S. 43 Employment and Economics Development Attracting Diverse Young Talents to Hong Kong 27 June, 2019     The Census and Statistics Department has estimated that the overall labour force participation rate in Hong Kong will decrease gradually from 59.2% in 2016 to 49.6% in 2066.[1] This figure reflects the fact that the labour force is gradually shrinking due to an aging population, a trend that may hinder Hong Kong’s overall economic development. Consequently, in its previous reports, the Employment and Economic Development Group of the Youth I.D.E.A.S. has discussed the issue of encouraging young-old people’s and women’s […]

Youth I.D.E.A.S. 39 Employment and Economic Development Overcoming Career Challenges of Hong Kong Young People in the Greater Bay Area 26 February, 2019     The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area, GBA) comprises the nine municipalities of Guangzhou, Foshan, Zhaoqing, Shenzhen, Dongguan, Huizhou, Zhuhai, Zhongshan and Jiangmen in Guangdong Province and the two Special Administrative Regions of Hong Kong and Macao (known as 9+2). Its total area is 55,904 km2 and the total population was 69.58 million in 2017. Both figures exceed those of the three other main Bay Areas in the World (New York Metropolitan Area, […]

  Youth I.D.E.A.S. 35 Employment and Economic Development Improving Incentives for Women’s Employment 30 October, 2018     According to the Census and Statistics Department,[1] the overall labour force participation rate in Hong Kong will decrease gradually from 59.2% in 2016 to 49.6% in 2066. The figure reflects the fact that the labour force is gradually shrinking due to an aging population, a trend that might hinder Hong Kong’s overall economic development. Consequently, in its latest report, the Employment and Economic Development Group of the Youth I.D.E.A.S. has discussed the issue of encouraging young-olds’ employment as a means of alleviating […]

Youth I.D.E.A.S. 31 Employment and Economic Development Encouraging Young-Olds Employment 26 June, 2018     The world is currently facing the problems of an aging population and a shrinking labour force.  The International Labour Organization (ILO) points out that two billion people will be aged 60 or over by 2050.  This means that there will be a change in labour supply, and many industries will have to attract more workers from the older sections of the population.  The ILO proposes that policies should be formulated to provide post-retirement opportunities to retrain older workers so they can perform other jobs in […]

Youth I.D.E.A.S. 27 Employment and Economic Development e-Sports in Hong Kong 30 January, 2018     e-Sports consists of organised video game competitions that include elements of both video game and sports.  It is a popular activity among young people today.  Participants may watch or take part in competitions.   According the to the Global e-Sports market report, the global e-Sports audience has reached 385 million in 2017 and will reach 589 million in 2020[1].  The Olympic Council of Asia has also announced that e-Sports will become a medal event in the 2022 Hangzhou Asian Games[2].   Because of its […]

    Youth I.D.E.A.S. 13 Employment and Economic Development Diversifying Hong Kong’s Attractions to Boost Tourism 30 August, 2016     Tourism is one of the four key industries in Hong Kong.  In 2014 it generated value added of HK$112.5 billion, which equates to 5.1% of Gross Domestic Product (GDP),[1] and employed 270,000 workers.  It is a significant driving force of Hong Kong’s economic growth.   The number of visitors to Hong Kong has seen double-digit growth since 2010.  However, there was a decrease of 2.5%, to 59.31 million arrivals, in 2015, and visitor numbers dropped further in the first […]