Demographic change in Asia and the Pacific is happening at a rate the world has never seen. An explosion in the working age population and a fall in birth rates that took a century in Europe are happening here in just 30 years. If countries do not start planning for this demographic change, they will miss out on a unique opportunity to boost growth and investments for the future, says the United Nations Development Programme (UNDP) in its latest Regional Human Development Report. They also risk a surge in youth frustration, exacerbating instability and conflict. The report, entitled “Shaping the Future: How Changing Demographics Can Power Human Development”, notes that Asia-Pacific countries now have more working-aged people and fewer dependents than at any point in history, providing a springboard for growth. Region-wide, 68 percent of people are of working age and only 32 percent are dependents.