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Manila, Philippines, Asian Development Bank, Economics Office, 1987 May. 28 p. (Economics Office Report Series No. 40)Even though population growth rates continue to decline in developing member countries (DMCs) of the Asian Development Bank, they will experience absolute population increases larger than those in the past. More importantly, the labor force continues to grow and absolute increases will be greater than any other time in history. Family planning education and access to contraceptives have contributed to the decline in population growth rates, but nothing can presently be done to decrease the rates of increase of the labor force because the people have already been born. Since most of the DMSs' populations are growing at 2% or more/year, much needed economic growth is delayed. For example, for any country with a growing population to maintain the amount of capital/person, it must spread capital. Yet the faster the population grows the lesser the chances for increasing that amount. The Bank's short to medium term development policy should include loans for projects that will generate employment using capital widening and deepening and that develop rural areas, such as employment in small industries, to prevent urban migration. Other projects that engulf this policy are those concerning primary, secondary and adult education; health; food supply; and housing and infrastructure. The long term development policy must bolster population programs in DMCs so as to reduce the growth of the economically active segment of the population in the 21st century. In addition, the Bank should address fertility issues as more and more women join the work force. The Bank can play a major role in Asian development by considering the indirect demographic and human resource impacts of each project.