Aging Population and Government Intervention - 814 Words

Part A: Rationale and Theoretical Review i) Background and formation of the issue According to the UN World Health Organization definition of aging over 65 years as elderly, when the population of a region or country, the ratio of the elderly more than 7%, referred to as aging society. ii) Give evidence to illustrate the influence of the global issue ïÆ'Ëœ The world’s population is ageing rapidly. Between 2000 and 2050, the proportion of the worlds older adults is estimated to double from about 11% to 22%. In absolute terms, this is an expected increase from 605 million to 2 billion people over the age of 60. iii) 2 Reasons to explain the choice of the global issue ïÆ'Ëœ If the advanced countries the existing retirement protection system is not adjusted, it will pose a serious financial blow States. ïÆ'Ëœ Older people face special physical and mental health challenges. The 2013-14 Budget report in Hong Kong has mentioned the need to cope with an aging population and long-term public spending surged problem. The recurrent expenditure on medical and health services for 2013-14 will reach $49 billion, an increase of $2.7 billion over 2012-13.The bulk of the additional funding is for new recurrent allocation to the Hospital Authority (HA) to enhance and expand appropriate public medical services. Part B: Analyze the global issue with different perspectives and illustrate its influence Social perspectives ïÆ'Ëœ The number of people aged 65 or above is expected to rise sharply in theShow MoreRelatedEconomic Development Patterns Of Employment And Retirement915 Words   |  4 Pagesthe government play in this process, if any? 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