Ageing populations worry Asia
Whether we like it or not, some countries in Asia will have to deal with their ageing populations. And the negative impacts are seen to blow serious consequences on the developed economies, where most of the ageing populations are observed to have been growing at a fast rate than they can produce children. Aware of this problem, the Asian Development Bank's Institute said that critical reforms are needed soon before the impacts of ageing population take its toll in developing countries in Asia. In a recent seminar, ADB's Institute Dean, Masahiro Kawai, said: “For far too long we have tended to focus on high-income economies in the region like Japan, and the newly-industrialized economies --- Republic of Korea; Hong Kong, China; Taipei,China; and Singapore --- that are far advanced in the ageing curve." “But many of the middle-income developing countries and a few low-income developing countries in the region are on the same demographic path," he added. According to h...