The key to economic growth and industrialization is a skilled and well-trained workforce. We are at the crossroads of the history with a number of opportunities knocking at our door. Now it is up to us whether we avail of the opportunities or just let them go wasted. This is a critical time of our history when the country is passing through the demographic transition. This is the time to develop the youth by training them in various skills through investment with the purpose of education and training. By developing this resource, we can capitalize the demographic dividends. This requires political commitment to make decisions to allocate adequate funds.to human resource development and equip our youth with modern skills especially through education and training.
Pakistan currently has the largest generation of young people in its history. According to a recent United Nations Development Program report, 64 percent of the total Pakistan population is below the age of thirty that makes it the second youngest country in South Asia after Afghanistan and one of the youngest in the world. This "youth bulge" provides unique challenges as well as opportunities for the country's social and economic progress. The critical question is, will Pakistanis grow older before they get richer? The answer to this question lies in the country's development and implementation of a strategy to educate and utilize the potential of Pakistan's young population.
Question 1: How does the passage suggest that investing in education and training can benefit economic growth and industrialization?
Answer: Investing in education and training can develop a skilled and well-trained workforce, which is essential for economic growth and industrialization.
Question 2: What opportunities and challenges does Pakistan face regarding its demographic transition?
Answer: Pakistan has the opportunity to capitalize on its young population, but it also faces the challenge of ensuring that this demographic dividend is utilized effectively for social and economic progress.
Question 3: How does the passage emphasize the importance of political commitment in human resource development?
Answer: The passage suggests that political commitment is crucial for allocating adequate funds and making decisions to invest in education, training, and skill development for the youth.
Question 4: According to the United Nations Development Program report, what percentage of Pakistan's population is below the age of thirty?
Answer: According to the report, 64 percent of Pakistan's total population is below the age of thirty.
Question 5: How does the concept of a "youth bulge" present both challenges and opportunities for Pakistan?
Answer: The youth bulge presents challenges in terms of social and economic management, but it also offers opportunities for harnessing the potential of the young population for the country's progress.
Question 6: What question does the passage pose regarding Pakistan's future economic trajectory?
Answer: The passage questions whether Pakistan will grow older before it becomes richer, highlighting the importance of effectively utilizing the potential of the young population for economic development.
