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Asymmetric Demography and the Global Economy - Growth Opportunities and Macroeconomic Challenges in an Ageing World (Paperback, 1st ed. 2015)
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Asymmetric Demography and the Global Economy - Growth Opportunities and Macroeconomic Challenges in an Ageing World (Paperback, 1st ed. 2015)
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The global demographic transition presents marked asymmetries as
poor, emerging, and advanced countries are undergoing different
stages of transition. Emerging countries are demographically
younger than advanced economies. This youth is favorable to growth
and generates a demographic dividend. However, the future of
emerging economies will bring a decline in the working-age share
and a rise in the older population, as is the case in today's
developed world. Hence, developing countries must get rich before
getting old, while advanced economies must try not to become poorer
as they age. Asymmetric Demography and the Global Economy
contributes to our understanding of why this demographic transition
matters to the domestic macroeconomics and global capital movements
affect the asset accumulation, growth potential, current account,
and the economy's international investment position. This
collaborative collection approaches these questions from the
perspective of "systemically important" emerging countries i.e.,
members of the G20 but considers both the national and the global
sides of the problem.
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