Vol. 1 No. 8 (2023), Articles
Vol. 1 No. 8 (2023)

Harnessing the Power of Demographic Forecasts: A Key to Shaping Economic Development Strategy

Articles
Published 2023-08-04
Musayev Mansur Raxmatullayevich
Termiz University of Economics and Service department of Economics specialty 1st year master's student
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Keywords

Demographic forecasts, economic development strategy, population trends, workforce development, urban planning, social services, economic inequalities, aging populations, data-driven decisions, sustainable growth

How to Cite

Harnessing the Power of Demographic Forecasts: A Key to Shaping Economic Development Strategy. (2023). Journal of Universal Science Research, 1(8), 36-42. https://universalpublishings.com/index.php/jusr/article/view/1673
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Abstract

This article discusses the growing significance of demographic forecasts in shaping effective economic development strategies. It highlights the benefits of using accurate population projections to tailor social services, workforce development, and urban planning. The article emphasizes the role of demographic forecasts in addressing economic inequalities and anticipating the impact of aging populations. By utilizing this data-driven approach, governments and businesses can make informed decisions to foster sustainable growth and prosperity.

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References

United Nations, Department of Economic and Social Affairs, Population Division (2019). World Population Prospects 2019: Highlights.

Bongaarts, J. (2019). Demographic Trends and Challenges in the 21st Century. Daedalus, 148(3), 7-17.

World Bank (2021). World Development Indicators Database.

Eurostat (2021). Population Projections - Eurostat Statistics Explained.

United Nations Economic Commission for Europe (UNECE) (2020). Population Ageing in Europe and North America: Causes, Consequences, and Policy Responses. New York and Geneva.

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This work is licensed under a Creative Commons Attribution 4.0 International License.