This quote is highlighting two key factors that are driving change in our society: technology and the demographic dividend.
Technology is undoubtedly a major force of innovation in today’s world. It is constantly evolving, pushing boundaries, and enabling new ways of doing things. From smartphones to artificial intelligence, technology is constantly creating new opportunities and challenges. It is not only changing the way we live and work, but also the way we think, learn, and interact with each other. Technology is thus a key driver of change and innovation in our society.
The "demographic dividend" refers to the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population (15 to 64) is larger than the non-working-age share of the population (14 and younger, and 65 and older). In other words, when a larger proportion of a population is of working age, it can lead to rapid economic growth if other conditions, such as governance and human capital development, are favorable. This is because a larger workforce can lead to increased productivity and consumption, which can spur economic growth.
Applying this idea in today’s world, we can see how countries with a significant demographic dividend, such as India or parts of Africa, have the potential to experience significant economic growth if they can effectively harness their young, working-age population. This could involve investing in education and skills development, creating job opportunities, and implementing policies that encourage innovation and entrepreneurship.
On a personal level, this quote could inspire us to embrace change and innovation in our own lives. It suggests that we should be open to new ideas and ways of doing things, and that we should strive to adapt and grow in response to the changing world around us. Whether it’s learning a new skill, adopting a new technology, or changing our mindset, we can all benefit from the innovation and change that technology and demographic shifts can bring.
