Name: An important number: the share of working-age people in the world has peaked and is declining
Uploaded: 2016-08-30T14:27:30.338
Duration: 3 min 47 s
Channel: World Bank Group
Description: Demographic fun fact: The share of working-age people in the world has peaked at 66% of the population and is now starting to decline. Watch the World Bank’s star economist Kaushik Basu explain the ramifications of this trend, and why 66 is a number that means a lot to him, and should to you too.

The world’s more slowly growing and graying population is embarking on a series of transitions that will affect economic growth for decades, the WB/IMF’s Global Monitoring Report 2015/2016: Development in an Era of Demographic Change says. World Bank Chief Economist Kaushik Basu says the world is at the cusp of a major demographic transition that will affect countries along the development spectrum very differently. With the right policies – at the country level and internationally – the demographic changes upon us present one of the most consequential development opportunities of our times.

An important number: the share of working-age people in the world has peaked and is declining

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