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World Population

             With each passing day, people age, babies are born, and people die. Yet,
             as each day passes on, what happens to the population? Does a majority of the
             population fall within a certain age bracket, and if so, what is that age bracket?
             Peter, is the founder and president of Global Business Network, an organization
             which studies business and demographic trends. He presents an argument
             stating that a majority of the population will be teenagers in the 21st century (49).
             Schwartz's argument is refuted by Wolfgang Lutz, head of the Population Project
             of the International Institute of Applied Systems Analysis, who feels that the
             population trends of the 21st century will lead to the elderly being the dominant
             age group (57). Schwartz feels that the young will be the majority, and Lutz feels
             that the elderly would be a significant minority not a majority, therefore there will
             always be a workforce large enough to provide for the needs of the elderly.
             According to Schwartz, people under 25 constitute more than 52% of the
             world population (53). Most of these young people are located in Asia; the lowest
             numbers can be found in North America and Europe. The early twenty-first century
             will bring a global baby boom and the emergence of a two-billion-strong "global
             teenager" age-group (49).Teenagers are currently targeted economically
             because of the purchasing power they possess. A new generation of teenagers
             are hanging out in the shopping malls and spending their parents hard earned
             money. The products targeted towards teenagers include sneakers, clothes,
             makeup and electronics. But teenagers will expand their power into politics and
             economics, which influence the future of the world.
             The teenagers of the future will be more educated and informed than the
             teenagers of the baby boom. They will be interconnected through the basic
             technology of satellites, Wa

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