Macroeconomic Impact of Global Aging: A New Era of Economic Frailty?

Macroeconomic Impact of Global Aging: A New Era of Economic Frailty?

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Overview

Reviewing three studies on global aging conducted by the International Monetary Fund, the European Commission, and the Organization of Economic Cooperation and Development, England (director of research, Global Aging Initiative of the Center for Strategic and International Studies) argues that the aging populations of the world are likely to lead to slower economic growth. The centerpiece of his econometric analysis is the rate of savings, which he suggests is likely to decline as populations age, thus leading to lower investment rates, rising debt levels, and high interest rates. Annotation c. Book News, Inc.,Portland, OR

Product Details

ISBN-13: 9780892063932
Publisher: Center for Strategic & International Studies
Publication date: 11/28/2001
Series: Significant Issues Ser.
Pages: 128

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