Nowadays, in some countries, young adults account for the larger part of their population. There is a lot of controversy about the advantages and disadvantages of this situation. Further, it raises the questions, what kinds of population policy should be applied in each nation? And, is there an ideal population structure for all contries?.
From my perspective, there are more benefits than drawbacks for countries with a young population structure. As a young Vietnamese adutls, I consider my country as a prime example. Our situation has a number of advantages.
Firstly, a large number of young citizens ensures a strong labour force, which is very important to the growth of gross domestic product (or GDP in short). According to a 2016 study of Hanoi National University, the young work force contributed approximately 70 per cent of GDP in Vietnam.
Secondly, young labour can easily apply new technologies and science achievements in work, which may seem very challenging for some older workers. These days, with the dramatic improvements, technology plays a crucial role in all areas: industry, service and agriculture. Vietnam is a typical example. Twenty years ago, we could only produce barely enough rice for ourshelves. However, since 2009, Vietnam has been the second largest rice exporter. This miracle change is based on apply new biotechnology, by young work force.
Conversely, there are also inevitable social issues for these countries, such as high unemployment rates, poverty, etc. However, based on my knowledge, these problems can be controlled by good goverment leadership such as China or Laos.
To conclude, in nations which have large percentages of young labour, although there are some inevitable social problems. I completely believe that the advantages outweigh the disadvantages, as indicated above.
Lucas.
Lucas.
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