Challenges and Opportunities in the Era of Population Aging

The spectacular growth of Asia’s economies in the past few decades has been a textbook case of successful economic development. Despite sharing a history of underdevelopment and upheaval with other continents, Asia has raced past its peers to become one of the world’s great creators of new wealth and a main engine of the global economy.

Nevertheless, Asia’s continuing march to greater prosperity is by no means assured. One of the key factors in Asia’s growth has been its “demographic dividend,” the large number of its working age people versus its smaller number of children and the elderly. This is set to change as Asians live longer, marry later, and have fewer children. As Asia gets older, it faces the problem of supporting a vast number of retirees with fewer and fewer working people. Asia must now deal with the problems posed by its demographics in its silver years, and find new ways to wrest opportunities from its changing population.
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Fuente:seriquarterly.com