The European Bank for Reconstruction and Development’s (EBRD’s) transition report for 2018-19 is called 'Work in Transition' and it looks at three trends that have huge implications for the growth and development of the region covered by the institution: ageing populations, the spread of automation, and migration.
Until recently, the economic advantage that most emerging markets had was a young population prepared to work in low- to medium-tech manufacturing for wages that were low in global terms. This was how the Asian tiger countries such as Taiwan and South Korea transformed themselves.
