Economic advantage in any state generally corresponds with its working-age population. But the real dividend comes only when people can contribute to the economy. This shift is becoming increasingly important for Nepal as its demographics approach a turning point. The World Bank's latest report, Demographic Change in South Asia: From Tailwinds to Headwinds for Development, offers a timely warning. South Asia's working-age population is expected to peak within the next decade. Nepal has the prospect of turning its demographic into sustained economic growth. But, it is far from guaranteed.
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