The Impact Of An Ageing Population on Global Economy And Shifting Prospects

0
20

 

An avid reader of global economic development could easily relate a growth pattern to a number of recognized parameters- life expectancy is one of them. As economies have grown better and healthier, so have their people, with life expectancy being a measure of success for these growth seekers. However, what if we tell you that this parameter of economic growth is now posing a serious integrated global economic question? Well, as shocking as it may sound, it’s true and it’s not far along. Let us analyze step by step to figure it out. 

To begin with, let’s talk about the primary purpose of the sections to follow. The concern at hand is the growing proportion of the older population and how it impacts the economic development of the country. The concern roots from the fact that the ratio of working class to retired people, which, five decades ago, was about 6 working age people for one retired person, has now come down to 3 of latter for every…

Read more…