Comment by Riaz Haq on July 11, 2022 at 7:41am

#India population to surpass #China's in 2023. Over half of global population increase up to 2050 will be in just 8 countries: Dem Republic of #Congo, #Egypt, #Ethiopia, #India, #Nigeria, #Pakistan, #Philippines & #Tanzania. www.un.org.development.desa.pd/files/wpp2022_summary_of_results.pdf" target="_blank">https://www.un.org/development/desa/pd/sites/www.un.org.development.desa.pd/files/wpp2022_summary_of_results.pdf

For 10 countries, the estimated net outflow of migrants exceeded 1 million over the period from
2010 through 2021. In many of these countries, the outflows were due to temporary labour
movements, such as for Pakistan (net flow of -16.5 million), India (-3.5 million), Bangladesh
(-2.9 million), Nepal (-1.6 million) and Sri Lanka (-1.0 million). In other countries, including
Syrian Arab Republic (-4.6 million), Venezuela (Bolivarian Republic of) (-4.8 million) and
Myanmar (-1.0 million), insecurity and conflict drove the outflow of migrants over this period.
• All countries, whether experiencing net inflows or outflows of migrants, should take steps to
facilitate orderly, safe, regular and responsible migration, in accordance with SDG target 10.7.

------------------

Between 2010 and 2021, 40 countries or areas have experienced a net inflow of more than
200,000 migrants; in 17 of those, the total net inflow exceeded 1 million people.
In 2020, Türkiye hosted the largest number of refugees and asylum seekers worldwide (nearly 4 million),
followed by Jordan (3 million), the State of Palestine (2 million) and Colombia (1.8 million). Other major
destination countries of refugees, asylum seekers or other persons displaced abroad were Germany,
Lebanon, Pakistan, Sudan, Uganda and the United States of America (United Nations, 2020b).

Comment by Riaz Haq on July 12, 2022 at 7:46am

World Population Day: India will overtake China in 2023, says the UN
By Stephanie Hegarty

https://www.bbc.com/news/science-environment-62126413


India is set to become the world's most populous country next year, overtaking China with its 1.4bn people, according to UN figures.

By this November, the planet will be home to 8bn.

But population growth is not as rapid as it used to be.

It is now at its slowest rate since 1950 and is set to peak, says the UN, around the 2080s at about 10.4bn though some demographers believe that could happen even sooner.

But the population of the world is expanding unevenly.

More than half the growth we will see in the next 30 years will happen in just eight countries - the Democratic Republic of the Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the Philippines and Tanzania.

At the same time, some of the world's most developed economies are already seeing population decline as fertility rates fall below 2.1 children per woman, which is known as the "replacement rate". In 61 countries, the report says, populations will decline by at least 1% by 2050.

With one of the lowest fertility rates in the world (at 1.15 children per woman), China has announced that its population is due to start declining next year - much earlier than previously thought. That is despite the country abandoning its one child policy in 2016 and introducing incentives for couples to have two or more children.

As India's population continues to grow it will almost certainly overtake China as the country with the biggest population in the world.

Fertility rates are falling globally - even in many of the countries where the population is expanding. That is because, as previous generations expand, there are more people having children, even if individually those people are having fewer children than their parents did.

Growth is also largely thanks to developments in medicine and science which mean that more children are surviving into adulthood and more adults into old age. That pattern is likely to continue, which means that by 2050 the global average life expectancy will be around 77.2 years.

But this pattern means that the share of the global population aged 65 years or above is projected to rise from 10% this year to 16% in 2050. Again the distribution will be unequal with some countries, in East Asia and Western Europe, already seeing more extremes in ageing.

Comment by Riaz Haq on July 12, 2022 at 10:12am

Global Village Space, Pakistan, 15 June 2021 - The recent Economic Survey launched on 10th June 2021 for the outgoing Fiscal Year 2020-21 mentioned that Pakistan is one of the largest labor exporting countries in the region. The document correctly read that overseas migrant workers are the most valuable asset of Pakistan.
Pakistan becomes the leader of manpower export in 2020 in the region

https://apmigration.ilo.org/news/pakistan-becomes-the-leader-of-man...

Special Assistant to the PM for Overseas Pakistanis and Human Resource Development Zulfikar Bukhari went to Twitter to talk about Pakistan’s labor export.

He said, “For a country, direly in need of foreign remittances we created 1.2 million new jobs across the world since coming into government.”

He added, “Even with global slowdown during Covid-19 we kept Pakistan in leading spot. This alone accounts for 12% of PM’s promised jobs.”

The recent Economic Survey launched on 10th June 2021 for the outgoing Fiscal Year 2020-21 mentioned that Pakistan is one of the largest labor exporting countries in the region.

The document read that overseas migrant workers are the most valuable asset of Pakistan and they are playing a key role in the socio-economic development of the country through their remittances.

It is true, as the current GDP surge to a surprising 3.94 percent is largely on the back of remittances, as claimed by Pakistan’s Finance Minister himself, who said on 10th June that he hopes that the remittances continue, as they helped stabilize the country during the pandemic.


Source: https://www.globalvillagespace.com/pakistan-becomes-the-leader-of-m...

Comment by Riaz Haq on August 8, 2022 at 4:39pm

Remittances Are a Lifeline for Developing Countries With Economic Instability

https://thefintechtimes.com/remittances-are-a-lifeline-for-developi...

Remittances sent worldwide have increased 64.3 per cent in the past decade, rising from $420.1billion 10 years’ ago to $653.4billion in the last year, shows research by ACE Money Transfer, the online remittance provider.
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Global economic growth is expected to slump from 6.1 per cent last year to 3.2 per cent this year — significantly lower than the 4.1 per cent anticipated in January. This is due to rising interest rates and spiralling inflation. This slowdown in growth is expected to hit low-income countries harder.

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Remittances also play a key role in urban areas, helping drive investment into real estate and infrastructure in developing countries.

Rashid Ashraf, CEO of ACE Money Transfer, says, “Remittances have a massive impact on people’s lives across the world. When times are tough and economies are struggling, this is when remittances are particularly important.

“Around three-quarters of remittances sent globally are used to cover essential things, like putting food on the family’s table and covering medical expenses, school fees or housing expenses. In addition, in times of crises, migrant workers tend to send more money home to cover loss of crops or family emergencies.”

Countries facing significant economic stress at present include Sri Lanka, Pakistan, Nigeria and Nepal. Remittances play a key role in supporting the economies of all mentioned countries.

Remittances key to helping Sri Lanka and Nepal’s struggling economies
Sri Lanka in particular has struggled following the pandemic, with its economy having collapsed. The country has been short of cash to pay for vital food and fuel imports and has defaulted on its debt.

Remittances are a key pillar of Sri Lanka’s economy, reaching $7.1billion in the past year, up from $6.7billion the previous year. Remittances in Sri Lanka support economic growth, reduce the burden on social security payments and help alleviate poverty. Increases in remittances could significantly aid Sri Lanka’s economic recovery.

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How remittances can help moderate inflation in Pakistan and Nigeria
Pakistan and Nigeria are two other countries facing economic difficulties where remittances can play a key role in their recoveries. Both countries have been struggling with the effects of surging inflation this year.

Pakistan’s currency has devalued 28 per cent compared to the US dollar so far this year, fuelling surges in the prices of vital imported goods such as fuel, cooking oil and grains.

This has made remittances to Pakistan, which have risen 26 per cent to a record $33billion in the past year, even more important. Remittances are a key source of foreign currency for Pakistan and play a significant role in supporting its currency. This is in turn can help control inflation and the price of essential goods and services in the country.

---
The role of remittances in strengthening resilient economies like the Philippines
Remittances can also play an important role in countries where the economy has remained resilient. This includes the Philippines’ economy, which has continued to show rapid expansion this year despite global headwinds.

An important stabilising factor in its economy has been remittances, which have reached a record high of $34.9billion in the past year. Remittances in the Philippines are important in supporting domestic consumer spending, which has driven the country’s economic growth.

Remittances are a crucial source of foreign capital for many developing countries. Unlike other flows of private capital, remittances have remained resilient throughout the pandemic. As economics across the world continue to recover, remittances continue to play a vital role in helping countries build resilience and drive economic growth.

Comment by Riaz Haq on August 12, 2022 at 7:18am

World #Population Is About to Hit 8 Billion—Some Argue It Is Near Its Peak. Demographers’ forecasts vary and are based on assumptions such as how well-educated and healthy people will be, especially #women. #Africa #heath #education #development #fertility https://www.wsj.com/articles/global-population-is-about-to-hit-8-bi...

But as we cross eight billion people, it is worth considering that the world might never make it to 10 billion, or even nine billion, and that the world’s major demographic problems won’t stem from the growing masses but from shrinking countries, aging populations and dwindling workforces.

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Later this year—any day now really—the global population is projected to cross eight billion people. The United Nations recently pegged the date as Nov. 15, but we don’t know with any exact precision.

Since the 1960s, when the global number of people first hit three billion, it has taken a bit over a decade to cross each new billion-person milestone, and so it might seem natural to assume that nine billion humans and then 10 billion are, inexorably, just around the corner. That is exactly what the latest population projections from the U.N. and the U.S. Census Bureau have calculated.

But as we cross eight billion people, it is worth considering that the world might never make it to 10 billion, or even nine billion, and that the world’s major demographic problems won’t stem from the growing masses but from shrinking countries, aging populations and dwindling workforces.

We aren’t talking about meteor strikes, alien invasions or apocalyptic scenarios (though, of course, that could do it, too) but rather straightforward demographic projections that conclude that birthrates have been falling so rapidly around the world that we could potentially reach the peak of human population in less than a generation.

The U.N.’s projections are the best known. But an alternate set of projections has been gaining attention in recent years, spearheaded by the demographer Wolfgang Lutz, under the auspices of the Wittgenstein Centre for Demography and Global Human Capital at the University of Vienna, of which Mr. Lutz is founding director.

These forecasts project the population peak is closer and lower. A look at the assumptions behind the forecasts shows they are hardly implausible.

“There’s two big questions,” Mr. Lutz explains, that determine whether his forecasts or the U.N.’s end up closer to the mark. “First, how rapidly fertility will decline in Africa…. The other question is China, and countries with very low fertility, if they will recover and how fast they will recover.”

The U.N. projects population using historical trends for each country, and calculating how other countries in similar conditions fared in the past.

Lyman Stone, the director of research for the population consulting firm Demographic Intelligence, compares this methodology to technical analysis in stocks, a method of looking for historical patterns and predicting if they are likely to recur.

The Wittgenstein forecasts, by contrast, look not only at historical patterns, but attempt to ask why birthrates rise and fall. A big factor, not formally included in the U.N.’s models, is education levels. Put simply: As people, especially women, have greater opportunities to pursue education, they have smaller families. (U.N. demographer Vladimíra Kantorová said the U.N.’s approach implicitly accounts for development, urbanization, women’s education and contraceptive use since it relies on historical data from countries that underwent similar transitions.)

---------


The U.N. projects Africa’s population will grow from 1.3 billion today to 3.9 billion by century’s end.

Once education is accounted for, Wittgenstein’s baseline scenario projects Africa’s population will rise to 2.9 billion during that time period. In another scenario from Wittgenstein, which it calls the “rapid development” scenario, the population of Africa will only reach 1.7 billion by century’s end.

Comment by Riaz Haq on September 10, 2022 at 2:29pm

Germany is hoping to combat its shortage of skilled workers with a new ‘opportunity card’.

https://www.euronews.com/travel/2022/09/06/skilled-workers-are-in-d...

The ‘chancenkarte’ will use a points system to enable workers with required skills to come to Germany more easily.

It is part of a strategy proposed by Labour Minister Hubertus Heil to address the country’s labour shortages, which is due to be presented to the government this autumn.


Every year, quotas will be set depending on which industries need workers. Three out of four of the following criteria must also be met to apply for the scheme:

A degree or vocational training recognised by Germany
Three years’ professional experience
Language skills or a previous stay in Germany
Under 35 years old
Currently, most non-EU citizens need to have a job offer before they can relocate to Germany. A visa for job seekers already exists, but the 'chancenkarte' is expected to make it easier and faster for people looking to find work in Germany.

Citizens of certain countries with visa agreements can already enter Germany for 90 days visa-free but are only permitted to take up short-term employment.

The opportunity card will allow people to come and look for a job or apprenticeship while in the country rather than applying from abroad. Applicants must be able to prove they can afford to pay their living expenses in the mean time.

The exact details of the scheme are yet to be formalised.

Why does Germany need to attract skilled workers?
This year, the shortage of skilled workers in Germany has risen to an all time high. Earlier this year, the Institute for Employment Research (IAB) found 1.74 million vacant positions throughout the country.

In July, staff shortages affected almost half of all companies surveyed by Munich-based research institute IFO, forcing them to slow down their operations.

Comment by Riaz Haq on October 3, 2022 at 8:52pm

From #Singapore to #Thailand, #Asia courts talent for post-#COVID #economic boost. Battle for high-skill workers is not just an #Asian phenomenon, but a global one. #UK has launched a new system called High Potential Individual visa for university grads.

https://asia.nikkei.com/Spotlight/Asia-Insight/From-Singapore-to-Th...

TOKYO/SINGAPORE/BANGKOK -- During the peak of the COVID-19 pandemic, Singapore tightly closed its borders. While many countries did the same, it was a sharp shock to the system for a city-state that had thrived as a hub for travel and as a magnet for foreign workers.

As some foreign nationals left, and entries were largely halted, Singapore's population dropped by 4.1% over the year through June 2021, to 5.45 million.

The latest data released on Sept. 27, however, shows nearly as swift a turnaround, thanks to a gradual lifting of restrictions. The population rebounded by 3.4% to 5.63 million, largely driven by workers in sectors like construction and shipyards -- the unsung labor that keeps the economy going.

Now, Singapore hopes to attract more highly skilled professionals with expertise and ideas that could jolt growth in the post-COVID era. "This is an age where talent makes all the difference to a nation's success," Prime Minister Lee Hsien Loong said in his annual National Day Rally speech on Aug. 21, days before his government announced a new type of visa designed to lure such people. "We need to focus on attracting and retaining top talent, in the same way we focus on attracting and retaining investments."

The city-state is far from the only place that covets high-flyers. From Thailand to Taiwan, a competition is heating up to entice the best of the best, and to fill hiring gaps with people equipped to excel in today's pandemic-altered workplace.

Innovative sectors like digital technology and biotechnology are especially hungry for talent.

Singapore's latest carrot is called the Overseas Networks and Expertise (ONE) Pass, a new visa for high-skill professionals who earn at least 30,000 Singapore dollars ($20,800) a month. The program will allow people with these visas to stay at least five years and work at multiple organizations.

Thailand, meanwhile, began taking applications on Sept. 1 for a new visa that lets global professionals stay in the country for 10 years. The government hopes to bring in 1 million foreign nationals with the Long-Term Resident (LTR) visa, designed for those with skills in targeted sectors such as electric vehicles, biotechnology and defense.

Tourism-oriented Thailand, like Singapore, has been hit hard by travel disruptions. Both also have aging populations. While Singapore is expecting growth in the 3% to 4% range this year, the Asian Development Bank's latest outlook forecasts Thailand's growth rate at 2.9%, far below Indonesia's expected growth of 5.4%, Malaysia's 6% and Vietnam's 6.5%.

Malaysia, for its part, aims to attract wealthy investors with its new Premium Visa Program. The program, which began accepting applications on Saturday, allows people who can deposit 1 million ringgit (about $215,000) in the country and have an annual offshore income of around $100,000 to stay for up to 20 years. During that time, they can invest, run businesses and work.

As part of a broader move to bring in more human resources, Australia recently raised its annual permanent immigration cap to 195,000 for the current fiscal year, from 160,000.

Comment by Riaz Haq on March 16, 2023 at 4:52pm

Digital census process continues smoothly: PBS

https://www.pakistantoday.com.pk/2023/03/16/digital-census-process-...


ISLAMABAD: The process of the 7th Population and Housing Census, being conducting digitally for the first time in the country’s history, has been going on smoothly all across the country, the Pakistan Bureau of Statistics (PBS) reported here on Thursday.

“The overall progress and speed of the census process is very encouraging and satisfactory,” PBS said in a press statement issued here.

The process includes an option for self-enumeration, which was made available from February 20, 2023, till March 10, 2023, and field operations of house listing and enumeration commenced from March 01, 2023, that will continue till April 4, 2023.

Conducting a census digitally ensures transparency, data-driven procedures, real-time monitoring of progress through geo-tagging using GIS systems, and wider acceptability of census results, said PBS press statement.

It said structures were listed from March 1st to March 10, 2023, during which all the residential and economic units were geotagged along with the classification of economic activities as per international standards.

It said, the self-enumeration portal was very well received by people who have enumerated themselves using the portal launched and this method was optional.

Currently, the final phase of the census i.e. enumeration is ongoing starting from March 12, 2023, and would continue till April 4, 2023. In this phase, the data about household members and their demographic characteristics, various Socio-Economic Indicators, as well as Housing characteristics, are being collected.

PBS technical team is analyzing and assessing the data and trends on a day-to-day basis to ensure the quality of the data and progress in identified 291 blocks all over Pakistan. Physical verification and digital monitoring are being used for quality assurance.

PBS has established 495 Census Support Centers (CSC) at the Census District level and 495 Census Support Centers (CSC) at the tehsil level where over 1,095 IT experts of NADRA and PBS team are available 24/7 for technical assistance and facilitation of field staff.

The control room has been established at the CSC level which facilitates census field staff during field operation and for this purpose, NADRA technical teams are available to redress all IT-related issues.

A call center is operating 24/7 for facilitation, assistance and suggestions through the toll-free number 0800-57574.

It said, certain quarters were spreading false and misinformation, adding information shared on the PBS website and official social media should be believed and considered.

Comment by Riaz Haq on March 17, 2023 at 4:49pm

Why are women in #China not having more babies despite gov't incentives? With rapidly #aging and declining #population and slowing #economic growth, China’s leaders are asking #women to have three children again, but it's too late. #economy #fertility https://www.marketplace.org/2023/03/17/why-are-women-in-china-not-h...

Fewer people might mean slower growth in China, which will be felt by the U.S. and beyond.

“They’ve now become, you know, the center of the global manufacturing superhighway and are typically the largest contributor to growth every year,” said Scott Kennedy with the Center for Strategic and International Studies in Washington D.C.

Chinese officials often credit the so-called one-child policy for preventing over 400 million births, but some analysts say China’s population would have declined regardless.

“It’s just simply a rule across all countries, that as you urbanize, and as you get a more educated female population that enters the workforce, fertility numbers fall,” Kennedy said.

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The number of Chinese workers is already declining; according to the World Bank, in 2001, China had 10 workers to support one retiree.

“In 2020, that was down to five working folks for each retiree and by 2050 it’ll be down to two,” Kennedy said.

He believes China still has time to offset the effects of population decline, including by boosting productivity, increasing the retirement age and lifting restrictions on people from rural areas to freely settle in cities with their families.

“I don’t think the problem has become so severe that demography is destiny, and China is destined to radically slow down and its chances of becoming an economic superpower breaking out of the middle income trap have been dashed,” Kennedy said.

“[But] these are pretty significant challenges.”


------

28-year-old Joy Yu’s parents each had three siblings. As they were growing up in the 1970s, the Chinese government started to limit the number of babies born.

Government statistics show on average a woman in China went from having about three babies in the late 1970s to just one.

Four decades on, China’s leaders are asking women to have three children again, which doesn’t sit well for Yu, an only child.

“For me to give birth to three children, my future husband must be rich enough to make sure I can live well without a job. This is a big challenge,” Yu said.

Last year, China’s population dropped for the first time in six decades by 850,000. That still leaves the country with 1.41 billion people but if the decline continues, there will be multiple impacts on the economy.

China began enforcing birth limits in the late 1970s when the country was poor and there were too many mouths to feed.

In a Chinese propaganda film called the Disturbance of Gan Quan Village, the birth restrictions were justified on economic grounds.

“We should put our energy into getting rich rather than keep having children,” says one woman in the film.

She’s sitting among a group of women picking corn kernels off the cob. “Aren’t we getting poorer with each child we have,” she says. The rest of the group nods in agreement.

Chinese leaders enforced, sometimes brutally, the so-called one-child policy in 1979, just as the country was coming out of the tumultuous Cultural Revolution.

“The post-[Chairman] Mao leadership thought that economic development would be the new basis for the party’s political legitimacy and based on pseudo-scientific and demographic projections, limiting birth to one child per married heterosexual couple,” said Yun Zhou, an assistant professor of sociology at the University of Michigan.

There were exceptions. Some ethnic minority groups could have up to three children. People from rural areas could try for a second child if their first-born was not a boy. Later, if both parents had no siblings they could have two children. Starting in 2016, China raised the birth limit for everyone to two children, but there was no sustained baby bump.

Comment by Riaz Haq on August 10, 2023 at 5:40pm

Dependency ratio is the ratio of children (under 15) and retirees (65 and above)) to working age (15-64 years) people in a population. Countries with high dependency ratios tend to perform poorly relative to countries with low dependency ratios in terms of economic growth.

A recent NY Times article by Lauren Leatherby titled "How a Vast Demographic Shift Will Reshape the World" uses charts and graphics to show how the world economic landscape will change during the rest of the century.

It shows that Pakistan will join the top 10 countries with highest share of working age population and lowest dependency ratios.

https://www.nytimes.com/interactive/2023/07/16/world/world-demograp...

Pakistan will join top 10 countries in working age population in 2050

Bangladesh is already in the top 10 working age population countries today.

https://www.nytimes.com/interactive/2023/07/16/world/world-demograp...


Countries are categorized as having large working-age populations if people between the ages of 15 and 64, an age group commonly used by demographers, make up at least 65 percent of the total population.

Countries where at least a quarter of the population is under age 15 and where less than 65 percent of the population is working age are categorized as having a large young population. Countries are categorized as having a large old population if those age 65 and older make up more than a quarter of the population.

Unless noted otherwise, graphics include all countries with a population of at least 50,000 people.

The world’s demographics have already been transformed. Europe is shrinking. China is shrinking, with India, a much younger country, overtaking it this year as the world’s most populous nation.

But what we’ve seen so far is just the beginning.

The projections are reliable, and stark: By 2050, people age 65 and older will make up nearly 40 percent of the population in some parts of East Asia and Europe. That’s almost twice the share of older adults in Florida, America’s retirement capital. Extraordinary numbers of retirees will be dependent on a shrinking number of working-age people to support them.

In all of recorded history, no country has ever been as old as these nations are expected to get.

As a result, experts predict, things many wealthier countries take for granted — like pensions, retirement ages and strict immigration policies — will need overhauls to be sustainable. And today’s wealthier countries will almost inevitably make up a smaller share of global G.D.P., economists say.

This is a sea change for Europe, the United States, China and other top economies, which have had some of the most working-age people in the world, adjusted for their populations. Their large work forces have helped to drive their economic growth.

Those countries are already aging off the list. Soon, the best-balanced work forces will mostly be in South and Southeast Asia, Africa and the Middle East, according to U.N. projections. The shift could reshape economic growth and geopolitical power balances, experts say.

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