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OIL prices are likely to continue to be on the uptrend at least in the medium term due to strong demand from rapidly developing countries like China and India, according to Harvard Business School senior associate dean director (Asia Pacific) Richard Vietor.
Much of the developed world is ageing. With increasing life expectations and decreasing birth rates, countries like Japan, Germany, Australia and Singapore, are experiencing a shift in population distribution in which the proportion of citizens who are no longer actively pursuing a career is large and increasing.