Aging Population and Government Intervention

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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  The world’s population is ageing rapidly. Between 2000 and 2050, the proportion of the world's 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  If the advanced countries the existing retirement protection system is not adjusted, it will pose a serious financial blow States.  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  The number of people aged 65 or above is expected to rise sharply in the
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