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Asia tops World Bank ranking on support for children

AFP  |  Nusa Dua 

Asian nations got the highest marks in a ranking launched Thursday that names and countries on how much they invest in their own children, saying neglect was dooming millions to sub-par lives.

Singapore, and took the top three spots in the World Bank's Index, released at the institution's annual meeting in

They were followed by Hong Kong, Finland, Ireland, and Sweden, the and round out the top 10.

European countries dominated the next 10, while the came in 24th and 46th.

Rather than using traditional measures such as GDP, the index ranks countries on how well children are prepared for the future, with an emphasis on factors like schooling and

The said those considerations often get lost amid other national political priorities, yet were vital to fostering high-quality economic growth and development.

Kim told a press conference on the Indonesian resort island that one-quarter of the planet's young people are at risk of "chronic malnutrition and illness that result in stunting".

He said this "permanently affects a child's cognitive development, school performance, and future income".

dominated the bottom half of the 157-nation ranking system. The worst ranking went to Chad, followed by South Sudan, Niger, and

"If a country's children grow up unable to meet the needs of the future workplace, that country will find itself incapable of employing its people, unable to increase its output, and utterly unprepared to compete economically," Jim said.

"Policies to build are some of the smartest investments that countries can make to boost long-term, inclusive economic growth."

Jim said the bank hopes the ranking and the data provided for each country can provide nations with a "stronger argument" when weighing whether to put resources into policies that benefit children.

The World Bank said the index shows 56 percent of children born today across the world will lose more than half their potential lifetime earnings due to inadequate government policies.

The Index purports to measure the amount of "human capital that a child born today can expect to attain by age 18" by assessing a range of national conditions and factors.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 17:30 IST