With each passing day, people age, babies are born,
             and people die. Yet, as each day passes on, what happens to
             the population? Does a majority of the population fall within a
             certain age bracket, and if so, what is that age bracket?
             Peter, is the founder and president of Global Business
             Network, an organization which studies business and
             demographic trends. He presents an argument stating that a
             majority of the population will be teenagers in the 21st century
             (49). Schwartz's argument is refuted by Wolfgang Lutz, head
             of the Population Project of the International Institute of
             Applied Systems Analysis, who feels that the population
             trends of the 21st century will lead to the elderly being the
             dominant age group (57). Schwartz feels that the young will
             be the majority, and Lutz feels that the elderly would be a
             significant minority not a majority, therefore there will always
             be a workforce large enough to provide for the needs of the
             According to Schwartz, people under 25 constitute
             more than 52% of the world population (53). Most of these
             young people are located in Asia; the lowest numbers can be
             found in North America and Europe. The early twenty- first
             century will bring a global baby boom and the emergence of a
             two-billion-strong "global teenager" age-group (49).Teenagers
             are currently targeted economically because of the
             purchasing power they possess. A new generation of
             teenagers are hanging out in the shopping malls and
             spending their parents hard earned money. The products
             targeted towards teenagers include sneakers, clothes,
             makeup and electronics. But teenagers will expand their
             power into politics and economics, which influence the future
             The teenagers of the future will be more educated and
             informed than the teenagers of the baby boom. They will be
             interconnected through the basic technology of satellites,
             Walkma...