Youth and prosperity in the Middle East
At the time when European societies are rapidly aging, 30 percent of the population in the Middle East is between ages 15 and 29 – the largest proportion of youth in the region's history.
On January 7, 2008 at the Brookings Institution, experts will discuss whether this 100 million of young men and women are a demographic gift or a potential for social and economic problems.
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The debate extends beyond regional issues and onto changes in the global age structure. As people age in some countries, assets stored for retirement need to be sold to pay for goods and services produced by the young workers of emerging markets. The huge flow of wealth from developed to developing markets is required in order for the global economy to work, but political concerns in developed countries may block this. This could have devastating effects on asset prices - lots of sellers and no buyers.
Posted by: David Kirk | May 1, 2008 10:11:38 AM