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State of World Population 2012 - UNFPA Haiti

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to secure the future population’s well-beingand productivity. This relocation <strong>of</strong> resourcestowards the young, who consume but do notproduce, may not be conducive to immediateimprovements in economic growth rates(Coale and Hoover, 1958). But after fertilityrates steadily decline over the course <strong>of</strong> 20 or30 years, the number <strong>of</strong> income-generatingadults grows relative to the number people whodepend on them for support, thus creating morefavourable conditions for economic growth andsustainable development.One <strong>of</strong> the key drivers <strong>of</strong> improved economicgrowth during the demographic transition is theincrease in the level <strong>of</strong> savings and investment inthe economy. Adults with fewer children may beable to reallocate more <strong>of</strong> their resources towardssaving for their own retirement. This increasesthe amount <strong>of</strong> capital available for investment.Improvements in general health and reductionin the burden <strong>of</strong> disease also increase theattractiveness <strong>of</strong> investment opportunities.Declines in dependency ratios in East Asia sincethe 1960s, for example, increased savings ratesRatio <strong>of</strong> Working Age to Dependent <strong>Population</strong>Sub-Saharan AfricaEast AsiaSouth Asia3Ratio <strong>of</strong> working age to dependents2101950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 2060 2070 2080 2090 2110YearSource: United Nations <strong>World</strong> <strong>Population</strong> Prospects 2010 Medium Fertility Variant84 CHAPTER:4: THE SOCIAL AND ECONOMIC IMPACT OF FAMILY PLANNING

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