March 2021
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The Widening of human capital—expansion and contraction are essentially driven by demographic forces, modified by factors of Deepening of human capital (a more familiar concept)—has not received the attention it deserves. Starting with the modest aim of exploring this, my paper came to the conclusion that this was insufficient. On reflection, the issue of widening of human capital opens up the peopling and development dimensions of the leading crises facing humanity: above all climate change. But, there are others—notably, social inequality, including down-stream effects such as inter-country and inter-continental migration, which is amenable to policy interventions. Another is the problem of age-structural shifts, which, by contrast, are inexorable and need management, but cannot be altered in direction. Suffice to say that they involve far more than structural ageing (%’s at older ages), the one dimension that has captured popular and media attention. In reality the causes and effects of structural ageing are misunderstood, and almost no attention paid to numerical ageing (increasing numbers at any age).