At LIRNEasia, we do not focus solely on ICTs. For some time, we’ve been looking at demographic structure as a factor. Both the recent Afghanistan and Bhutan Sector Performance Reviews contained sections on demography. The demographic time bomb, the increase in the aged population before a country has had time to get rich and establish a safety net is less written about than the good stuff, but is perhaps the more important. Here is a senior official from China talking about it: Since 2004 the shrinking supply of — and increasing demand for — labour has led to wide labour shortage and rapid inflation of wages.