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Asymmetric Demography and the Global Economy

Growth Opportunities and Macroeconomic Challenges in an Ageing World

  • Editors
  • José María Fanelli

Table of contents

  1. Front Matter
    Pages i-xv
  2. Introduction: The Project, the Results, and Policy Implications

  3. The Demographic Transition and the Macroeconomy: Setting the Stage

    1. Front Matter
      Pages 19-19
    2. José María Fanelli, Ramiro Albrieu
      Pages 21-51
  4. Demographic Asymmetries and the Global System

    1. Front Matter
      Pages 83-83
    2. José María Fanelli, Ramiro Albrieu
      Pages 85-106
    3. Richard N. Cooper
      Pages 107-126
  5. On Challenges and Opportunities for Emerging Economies

    1. Front Matter
      Pages 149-149
    2. Ricardo D. Brito, Carlos Carvalho
      Pages 151-185
    3. Pranab Kumar Das, Saibal Kar
      Pages 213-241
    4. Melvin D. Ayogu, Olumide Taiwo
      Pages 243-268
  6. Back Matter
    Pages 269-293

About this book

Introduction

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.

Keywords

Ageing Demographic transition demography economic growth Global economy growth macroeconomics

Bibliographic information