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1. How can demographics explain the trends in the chart at the center-left of page 5 (titled “India Shows…”)?
2. What are the implications of the chart at the bottom-left of page 5 (titled “Incremental
Demand…”) for firms and investors, say, in North America?
3. On page 7, the authors write “We use the U.S. Census Bureau’s demographic projections to forecast employment growth over the long term, assuming that the proportion of the working age population that works stays roughly stable.” Did a similar assumption hold for the U.S. and Canada during the last half-century?1
4. What forms of capital do the authors see as the most important ones for ensuring the conditions for economic growth in the BRIC countries?



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