Bangladesh is on the cusp of transformative change. No certainty. It could miss the bus. Because of years of work on family planning, child health and womens’ education, its fertility rates are declining and the country is just entering the golden period in terms of demography: declining child dependency; increases in elderly dependency not yet started; and a bulge of unencumbered working-age people. But dividends come with dangers: if the demographic bulge finds no opportunities for making a living, they will rise in rebellion (e.