Demographic Transition and Growth
Keywords:
Fertility, demographic dividend, working age, growthAbstract
Many developing countries are passing through a stage of demographic transition where much of its population share lie in working age (15-64). With increasing share in working age and lowering dependency ratio, this age distribution opens a window of economic prosperity. However, this window of demographic dividend is transitive in nature. Strong economic, social and political climate should be in place to harness the opportunity. If this bulge of youth is not equipped with proper education, skill and employment it may lead to disaster when the wave enters ageing stage.
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