...World Population The human population growth of the last century has been truly phenomenal. The world population passed 6 billion just before the end if the 20th century. Each year, about 90 million new people join the human race. This is roughly equivalent to adding three Canada’s or another Mexico to the world annually, a rate of growth that will swell human numbers from today’s 5.6 billion to about 8.5 billion by 2025. These figures represent the fastest growth in human numbers ever recorded and raise many vital economic and environmental questions. Is our species reproducing so quickly that we are outpacing the Earth's ability to house and feed us? Is our demand for natural resources destroying the habitats that give us life? If 40 million acres of tropical forest—an area equivalent to twice the size of Austria—are being destroyed or grossly degraded every year, as satellite maps show, how will that affect us? If 27,000 species become extinct yearly because of human development, as some scientists believe, what will that mean for us? If nearly 2 billion people already lack adequate drinking water, a number likely to increase to 3.6 billion by the year 2000, how can all of us hope to survive? answers are hardly easy and go beyond simple demographics, since population works in conjunction with other factors to determine our total impact on resources. Modern technologies and improved efficiency in the use of resources can help to stretch the availability of...
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...Alejandro Bahena ECON 545 – 10388 Business Economics Microeconomics Analysis September 21, 2014 Introduction The demand for physicians and health care services in the United States is determine by the quantity the public is willing to pay for the lowest price in order to benefit from their services. Several factors affect the demand for physicians. The needs and size of the population, economic hardships and the high prices they are faced to pay. The technological constrains related to the practicality of the demands from consumers. The last demand of health care physicians depends on the relation between the demand and supply current conditions in the market of service. Past projections show that the continuous shortage of supply and demand for physicians will continue to influence the policies and programs related to the health care systems. Because completing medical school and creating a new structure for physicians is time consuming, the USA needs to predict the needs of the physicians in advance. The shortage of physicians was the leading cause for the creation of new medical school in the country. . The important factors which will estimate the future demand of the physicians depends on 800,000 present physicians, millions of nurses and other health care workers, about 300 million patients, hundreds of health plans, thousands of health care facilities, thousands of employers in the industry, thousands of legislators and policy makers, and other factors such economic...
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...various areas of medicine (e.g., diabetes and obesity), and working more collaboratively with other healthcare professionals (Tiffin, 2013). As a submarket in the healthcare industry, the supply of nurses and the demand for their services must be evaluated. The current and future number of nurses is vital to the healthcare field since this influences the supply of medical services. With the increase in the aging population, the demand curve for nurses will increase. In the United States, there are approximately 40 million people who are aged 65 and older and this number is expected to increase to nearly 90 million by 2050 (Jacobsen, Kent, Lee, & Mather, 2011). In addition, by that same year, there will be approximately 19 million people who are 85 years of age and older, which is more than one-fifth of those in the 65 years of age plus category (Jacobsen, Kent, Lee, & Mather, 2011). With the average age of Registered Nurses increasing from 42.7 years to 44.6 years between 2000 and 2010, more nurses will be needed to meet the needs of the aging U.S. population and the myriad of health concerns that these people will face (Nursing Shortage, 2015). In addition, with the increased number of individuals with health insurance, more nurses will be needed to ensure that these individuals receive quality healthcare (Nursing Shortage, 2015). Thus, with more patients requiring care, the demand curve for healthcare will shift and with it the demand for nurses will increase. Notably...
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...locations to practice medicine would be. Jenny knows that I am currently enrolled in a course in economics and has decided to contact me for information on the market for physicians. More specifically information on elasticity, economic profit and loss, pricing, supply and demand, and costs of production. To provide her accurate answers, I chose to educate myself on the subject matter With the information I provided, Jenny should be equipped with the resources she needs to make an informed decision on her potential career choice. The United States demand for health care services shows that citizens are willing to pay the minimum price for required services. Physicians demands varieson many different factors to include the needs of the population, some of the economic constraints of the people such as their income and prices of product, cultural considerations, and technological constraints related to the feasibility of what the consumers demand. The last demand of health care physicians depends on the interactions of supply and demand conditions prevailing in the market. There has been consistent shortages of physicians. This has ultimately influenced programs and policies of the the country in relation to health care in the past. It is very time consuming to train new physicians, which requires the nation to predict the future needs of the physicians. In years past, there have been considerable shortages of physicians in the America which generated the creation of new medical...
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...hEALth CARE iNFRAStRUCtURE AND tRANSPORtAtiON iNtERNAtiONAL AFFAiRS LAW AND BUSiNESS NAtiONAL SECURity POPULAtiON AND AgiNg PUBLiC SAFEty SCiENCE AND tEChNOLOgy tERRORiSM AND hOMELAND SECURity C hina and India, the world’s most populous nations, have much in common: Each has more than 1 billion residents; each has sustained an annual gross domestic product (GDP) growth rate over the past decade that is among the world’s highest—9 percent for China and 7 percent for India; and each has been among the world’s most successful in weathering the storm of the recent global recession. Yet a closer look reveals stark demographic contrasts between the two nations that will become more pronounced in the coming decades. These differences hold implications for China’s and India’s relative economic prospects and point to sharply different challenges ahead for each nation to sustain and build on recent economic growth. Abstract Demographic contrasts between china and India will become more pronounced in the coming decades, and these differences hold implications for the countries’ relative economic prospects. china’s population is larger than India’s, but India’s population is expected to surpass china’s by 2025. china’s population is older than India’s and beginning to age rapidly, which may constrain economic growth, whereas an increasing percentage of India’s population will consist of working-age people through 2030, giving India an important demographic advantage. how much these ...
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...hEALth CARE iNFRAStRUCtURE AND tRANSPORtAtiON iNtERNAtiONAL AFFAiRS LAW AND BUSiNESS NAtiONAL SECURity POPULAtiON AND AgiNg PUBLiC SAFEty SCiENCE AND tEChNOLOgy tERRORiSM AND hOMELAND SECURity C hina and India, the world’s most populous nations, have much in common: Each has more than 1 billion residents; each has sustained an annual gross domestic product (GDP) growth rate over the past decade that is among the world’s highest—9 percent for China and 7 percent for India; and each has been among the world’s most successful in weathering the storm of the recent global recession. Yet a closer look reveals stark demographic contrasts between the two nations that will become more pronounced in the coming decades. These differences hold implications for China’s and India’s relative economic prospects and point to sharply different challenges ahead for each nation to sustain and build on recent economic growth. Abstract Demographic contrasts between china and India will become more pronounced in the coming decades, and these differences hold implications for the countries’ relative economic prospects. china’s population is larger than India’s, but India’s population is expected to surpass china’s by 2025. china’s population is older than India’s and beginning to age rapidly, which may constrain economic growth, whereas an increasing percentage of India’s population will consist of working-age people through 2030, giving India an important demographic advantage. how much these ...
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...Economic Effects in China and India Through 2025 JULIE DAVANZO, HARUN DOGO, AND CLIFFORD A. GRAMMICH WR-849 April 2011 This product is part of the RAND National Security Research Division working paper series. RAND working papers are intended to share researchers’ latest findings and to solicit informal peer review. They have been approved for circulation by RAND National Security Research Division but have not been formally edited or peer reviewed. Unless otherwise indicated, working papers can be quoted and cited without permission of the author, provided the source is clearly referred to as a working paper. RAND’s publications do not necessarily reflect the opinions of its research clients and sponsors. is a registered trademark. Preface In this paper we compare the recent and likely future demographic situations in China and India and their implications. This is a background paper for the chapter, “Population Trends in China and India: Demographic Dividend or Demographic Drag?. in the RAND report, China And India, 2025: A Comparative Assessment, MG-1009OSD, by Charles Wolf, Jr., Siddhartha Dalal, Julie DaVanzo, Eric V. Larson, Alisher R. Akhmedjonov, Harun Dogo, Meilinda Huang, and Silvia Montoya, and contains some of material referenced therein. The RAND report was done under the sponsorship of the Office of Net Assessment with the objective of understanding how China and India will compare to one another in 2020-2025 with regards to demographics, economic growth...
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...ASCE American Society of Civil Engineers THE VISION FOR CIVIL ENGINEERING IN 2025 BASED ON THE SUMMIT ON THE FUTURE OF CIVIL ENGINEERING June 21 – 22, 2006 Prepared by the Task Committee to Plan a Summit on the The Future of the Civil Engineering Profession January 5, 2007 (Final draft prepared by TC) Contents Executive Summary ...................................................... 1 2006: Status, Concerns, and Opportunities in the Civil Engineering Profession ..................................... 3 Issues and Trends ................................................. 3 New Pressures....................................................... 4 Career Appeal........................................................ 5 Future Directions.................................................... 5 Why a Summit? ............................................................. 7 The Vision for Civil Engineering .................................. 9 Vision ..................................................................... 9 Profile of the 2025 Civil Engineer......................... 10 2025: The Civil Engineer’s World............................... 13 A Sustainable World ............................................ 14 Research and Development................................. 16 Managing Risk ..................................................... 18 Master Innovators and Integrators ....................... 19 Reform in the Preparation of Engineers ............... 20 What Next?.....................
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...not in a rush to retire which is also blocking up and coming doctors. Considering the debt that is accrued during the time it takes to become a doctor and the amount of time it takes to become a doctor (10-14 years), not being able to find a job is very discouraging. With all that going on I’m going to show her that if she has a passion for this profession then she should definitely go for it. Demand Study results are suggesting that demand is growing a lot faster than supply. Demand for physicians continues to grow faster than supply, leading to a projected shortfall of between 46,100 and 90,400 physicians by 2025. Although physician supply is projected to increase modestly between 2013 and 2025, demand will grow more steeply (Exhibit ES-1). Across scenarios modeled, total physician demand is projected to grow by 86,700 to 133,200 (11-17%), with population growth and aging accounting for 112,100 (14%) in growth. By comparison, physician supply will likely increase by 66,700 (9%) if labor force participation patterns...
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...urbanisation with millions (160m) of people moving from rural to urban environments. However the mass industrialisation comes with a lot of pollution costs. The urbanisation is pushing up consumption per person but also increasing income per person. Population in China is suspected to reach 1 billion by 2030. The scale and pace of China's urbanization continues at an unprecedented rate. If current trends hold, China's urban population will hit the one billion mark by 2030. In 20 years, China's cities will have added 350 million people more than the entire population of the United States today. By 2025, China will have 221 cities with one million–plus inhabitants—compared with 35 cities of this size in Europe today—and 23 cities with more than five million. For companies in China and around the world, the scale of China’s urbanization promises substantial new markets and investment opportunities. Yet the expansion of China's cities will represent a huge challenge for local and national leaders. Of the slightly more than 350 million people that China will add to its urban population by 2025, more than 240 million will be migrants. This growth will imply major pressure points for many cities including the challenge of managing these expanding populations, securing sufficient public funding for the provision of social services, and dealing with demand and supply pressures on land, energy, water, and the environment. There is a huge emergence of the middle class in China, it is growing as urbanisation...
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...the intervening years have been full of elation and promise but also unexpected trouble and disappointment. Perhaps of all the painful developments in Russian society since the Soviet collapse, the most surprising -- and dismaying -- is the country's demographic decline. Over the past two decades, Russia has been caught in the grip of a devastating and highly anomalous peacetime population crisis. The country's population has been shrinking, its mortality levels are nothing short of catastrophic, and its human resources appear to be dangerously eroding. Indeed, the troubles caused by Russia's population trends -- in health, education, family formation, and other spheres -- represent a previously unprecedented phenomenon for an urbanized, literate society not at war. Such demographic problems are far outside the norm for both developed and less developed countries today; what is more, their causes are not entirely understood. There is also little evidence that Russia's political leadership has been able to enact policies that have any long-term hope of correcting this slide. This peacetime population crisis threatens Russia's economic outlook, its ambitions to modernize and develop, and quite possibly its security. In other words, Russia's demographic travails have terrible and outsized implications, both for those inside the country's borders and for those beyond. The humanitarian toll has already been immense, and the continuing economic cost threatens to be huge; no less important...
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...PHIL303E Case 4.2 Licensing and Laissez Faire Milton Friedman, a Nobel Prize winning economist believes that the licensing in all fields interferes with Laissez Faire, the principle of the free market. The case titled “Licensing and Laissez Faire” focuses on the issues of licensing within the American Medical Association (AMA). The AMA was formed to raise physicians’ incomes by paying hospitals to limit the number of physicians they train. It is well known that their strategy worked, American physicians make far more than physicians in other countries. Friedman argues that limiting the numbers of students in the admission policy violates a moral rule and is restricting freedom of opportunity; however, letting incompetent physicians practice does not seem ethical. Lastly, as the result of limiting the number of physicians there may be a shortage of physicians within a decade. Friedman strongly believed in “Laissez Faire,” and that licensure contravenes the principles of a free market to the disadvantage of all. “’Laissez Faire’ means ‘leave alone’ or ‘to allow to do’ in French and in economic terms, economics and business function best when there is no interference by the government. It is one of the guiding principles of capitalism and a free market economy. This concept assumes that each individual’s self-interest to do better, strong competition from others, and lowering taxes will lead to the strongest economy and therefore, benefit business, and everyone will benefit...
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...Managing the Talent Crisis in Global Manufacturing Strategies to Attract and Engage Generation Y A Deloitte Research Global Manufacturing Study Table of Contents Introduction................................................................................... 1 The Talent Paradox in Global Manufacturing: Survival of the Skilled................................................................... 2 The Depleting Talent Pipeline in Global Manufacturing ............ 3 The Challenge and Opportunity of Talent Mangement in Emerging Markets......................................................................... 5 China: Plenty of oysters, few pearls ............................................. 5 Southeast Asia: Dangers of a short-term view ............................. 6 India: Fighting off the competition .............................................. 6 Latin America: Middle management blues, technical skills shortage .............................................................. 7 Eastern Europe: The perils of accelerating wages ........................ 7 Connecting to Generation Y ........................................................ 8 Characteristics of Generation Y ................................................... 8 New strategies aligning with the needs of Generation Y ............. 9 Shortcomings of current approaches to managing talent ......... 10 The Develop-Deploy-Connect talent management model .......... 11 What Does the Develop-Deploy-Connect Model Mean for...
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...to the population size and safety features (safety for individuals and for environment). We stimulated our strategic thinking by asking the following questions: What will the automobile industry at large look like in 2025? What trends/shifts will shape mobility in the years to come? What will drive the success of future winners? We quickly realized that our project scope needed to be broader to cover all of the megatrends we indentified and address them as it pertains to specific geographic regions of the world. Cars being mass produced on the assembly line will be a thing of the past. The commercials today for Buick of not ‘driving your father’s Buick’ will even be more pronounced in 2025. In fact, my father would have thought he was living in a science fiction movie! The mantra of ‘have it your way’ will become the mission statement of the automobile industry – both from a consumer and an employee perspective…if they want to remain successful in the industry. Our results? The automobile industry will remain a capital-intensive business model and thus limited in terms of its margin growth. However, over the next fifteen years the automobile industry will remain an exciting place. The industry’s center of gravity will change, core technologies will change, new forms of organizational setup will emerge, employees will have to meet new requirements and new business models will develop. Fasten your seatbelts for an exhilarating ride as we fast forward you to the year 2025! Global...
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...China’s Economic Growth 1978-2025: What We Know Today about China’s Economic Growth Tomorrow Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past real GDP growth rates into the future, the size of the Chinese economy surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China is likely to be the world's largest economic power by almost any measure. The extrapolations are supported by two types of considerations. First, China’s growth patterns of the past 25 years since the beginning of economic reforms match well those identified by standard economic development and trade theories (structural change, catching up, and factor price equalization). Second, decomposing China’s GDP growth into growth of labor and other variables, the near-certain information available today about the quantity and quality of Chinese laborers through 2015, if not several years after, allows inferences about future GDP growth. Short of some cataclysmic event, demographics alone suggests China’s continued economic rise. If talent is randomly distributed in the world population and if agglomeration of talent is important, then the odds are strongly in China’s favor. Introduction The rapid economic growth of China since the...
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