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VideoOctober 7, 2015

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

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.