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"Many emerging markets are facing the final stage of the demographic peak," according to a new study by the Boston Consulting Group. This risks a shortage of labor, which is well aware of China in particular. She already felt the negative impact of its one-child policy, which monitors since 1979. BCG estimates that while in 2020 China will have a surplus of workers in 65 million, in 2030 it will face a shortage of 24.5 million people. If the proposals were implemented to ease one-child policy, it would have only a minimal impact. Now the babies would have reached working age in time. BCG states that "the most populous country in the world is also the country with a rapidly aging population. By contrast, in India the demand for labor exceeds its supply until 2030. "Even though India has problems because its labor force should be used more efficiently than it is now. The rapidly changing demographic profile of Brazil, is the cause of slowing population growth and the aging process. The challenge for this country and that the majority of the working age population is not sufficiently educated. & samhoud places In 2020, the labor shortage to reach 8.5 million in 2030 already it could be up to 40.9 million. Significant labor shortages will face Russia. Specific projections BCG summarized in the following pictures. Red is labeled the expected development jobs, Green is expected evolution of demand for it. Solid line indicates the scenario where the country will grow at a rate corresponding to the average growth achieved over the last 20 years. Dashed line is marked demand for work related to economic growth at the same rate as that achieved on average over the last 10 years. Of the selected countries will soon face a shortage of labor in Australia and South Korea, along with Russia (there is a big difference between the two scenarios). At the end of the period joins them in China and Japan, India until 2030. Source: BCG Labour shortage may hamper economic growth and development and cause wage inflation pressures. Possible political action against such developments are often controversial and difficult to implement. These include increasing the productivity of innovation and education programs, increasing the participation rate of increase in the retirement age, increasing the number of hours worked, the promotion of immigration and birth rates. BCG's report also states: "Demographic risk is one of the most insidious mega trends that threaten the global economy. Impact on but it will not be the same everywhere, as well NACA

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