The ripple effects of an ageing population on an integrated global economy
Hindustan TimesWhile growth has had many vectors, the largest contributor was a growing number of younger people joining the workforce year on year. A recent New York Times article stated that land is being repurposed in many countries across the world — with school playgrounds being changed to old-age communities. SMEs will see a natural resurgence with their agility and focus — they have the potential to become highly-specialised value additions in complex supply chains with larger organisations motivated to move more work to them. Early start to jobs will need schools having mandatory vocational content, with the need to do a few years of work before enrolling in colleges — not very different from how the war-era made military service mandatory in many countries. Innovations are happening yearly, and are visible every day — better transportation, better health care, a sensor rich world, ever-evolving financial products, better waste and recycling management, efficient real estate, clean energy and so on.
History of this topic
India as the world’s population billionaire
Hindustan Times
Why India should worry about its ageing population
The Hindu
Mixed signals on population growth
The Hindu
Fewer working-age people may slow economy. Will it lift pay?
The Independent
The next global economic threat: Old-age
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