East Asia’s miracle countries are the stuff of both economic legend and considerable debate. One part of the story may be demographics: East Asia saw rising life expectancy and declining birth rates that dramatically, if temporarily, increased the proportion of the population that was of working age. But now the demographics have shifted as a result of falling birth rates and a rising population of retirement-aged people. Absent a policy response, that could portend a cursed demographic future.
CGD Policy Blogs
My new book The Upside of Down: Why the Rise of the Rest Is Good for the West is published today. Here’s a one-sentence summary: a wealthier, healthier, better educated, more democratic, and more peaceful developing world is fantastic news for Europe and America — so the West should be doing everything possible to ensure the Rest gets even better off in the future.