There is a seemingly hidden problem for Asia in providing economic, social and emotional security for the elderly. But drawing on the experiences of more developed economies, I think there is a silver lining behind this an opportunity if actions are taken now to provide care and to give dignity to the elderly in Asia.

Why do I call it a hidden problem? There are a host of reasons but the more important ones include demographic shifts, poverty and vulnerability among elderly, loosening of family ties and responsibilities, and the eminent role of the state in providing social and economic security for elderly.

First, it is common knowledge that life expectancy in developed and developing countries has increased over the past several decades and continues to rise.

However, according to ILO, it may come as a surprise that the ratio of elderly people is rising faster in developing countries than in the developed world.