and Eastern Asia
► Asia is the continent with the most outstanding economic growth since 1990.
► This prosperous peak is due to its young and educated population, particularly in India. In this country, the working-age (15-64 years old) people are more numerous than the non working-age. The population becomes an asset because there are many producers and consumers. Though a numerous population might be a burden when there are too many non-working people, like in India until the 2000s.
► age-dependency ratio: ratio of persons in the ages defined as dependent (under 15 and over 64 years old) to persons in the ages defined as economically productive (15-64 years old) in a population.
► demographic transition: the historical shift of birth and death rates from high to low levels in a population. During the demographic transition, population growth is very strong.
► fertility rate: number of live births per 1,000 women aged 15-44 or 15-49 years old in a given year.
► population growth rate: number of people added to (or subtracted from) a population in a year due to natural increase and net migration, expressed as a percentage of the population at the beginning of the time period.
► purchasing power parities (PPP): rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries.