A Gaping Hole in Russia's Demographics - The Challenge to the Economy
by Awara Group on Nov 15, 2013
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For the last 20 years, we have constantly heard about a huge demographic crisis that would hit Russia by the 2010s. But as we now approach the year 2014, Russia seems to have made a surprising ...
For the last 20 years, we have constantly heard about a huge demographic crisis that would hit Russia by the 2010s. But as we now approach the year 2014, Russia seems to have made a surprising turnaround stabilizing the population with rising birth rates and decreasing deaths.
However, the positive trends in the summary figure are overshadowing a particular crisis Russia is facing right now. This is the gaping hole in Russia’s demographics: the impending near halving of the population aged 18 – 24, compared with the situation of just a few years ago. The low birth rates of the years of economic and social hardship in the 1990s are now materializing in a dramatic drop in the number of young people reaching adulthood
In such challenging situation companies are obliged to muster a serious effort when developing corporate cultures which attract the best employees and foster a dynamic, modern and effective way of working. This is also about improving labor productivity by tearing down the hierarchy and bureaucratic rules and practices which hinder efficiency and innovation
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