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The world is getting older, fast. And as more people retire each year, fewer working-age people will be there to replace them. Bond rating agency Moodys says that will lead to a decline in household savings; reducing global investments - which in turn, will lead to slower economic growth around the world. But experts say its not too late to mitigate the economic impact of the worlds aging populations.
In Japan - there are special playgrounds for the elderly.
In Italy - dance classes for seniors are part of the good life.
And in Germany - the rapid pace of retirements has become a bigger issue than unemployment.
They are the worlds Super Aged nations - the term for countries where at least 20 percent of the population is 65 years or older.
The demographic transition is upon us now and its progressing, by historical standards, quite rapidly, said Elena Duggar, head of Moodys Sovereign Risk Division..
In five years - six more countries will join the ranks of the super-aged. And by 2030 - that number will rise to 34.
That will translate into reductions in labor supply, Duggar said. At the same time aging means that the household savings rates will go down, which will negatively impact on investment. Both trends put together would mean that aging will have a significant negative impact on global growth.
Business research group, the Conference Board - says aging could shave as much as one percent off global growth in the next 10 years. Ignoring the coming changes is risky says economist Fariborz Ghadar - author of Global Tectonics - What Every Business Needs to Know.
Economic growth rates will slow down, jobs will not be available for the young, there is going to be conflict both internally in certain countries, externally.
Therell be backlash against immigrants and thats not the kind of world we really want, said Ghadar.
But the solution may be as close as a nations borders.
See - the largest addition to the U.S. population is by immigration, it is not by number of children, said economics professor Kishore Kulkarni.
In the U.S. - the average birth rate is 1.9 children for every woman - an average bolstered by higher birth rates in immigrant families. Fariborz Ghadar says the trend is obvious when you consider that the birth rate for Hispanic families in the U.S. is 2.3 children.
We are turning Hispanic. And in fact, what I normally tell my audiences, if you want somebody to take care of you when youre 90 - you better speak Spanish, he said.
While consumer buying patterns will change as populations age, Kishore Kulkarni believes targeted career training and productivity gains through technology could offset the decline in workers.
It is a misalignment of demand rather than a total and a drastic change in the demand. And it is a challenge which we can easily accept and tackle as it comes to us, he said.
Kulkarni adds that aging will be less of a challenge in countries where elders are seen as assets rather than liabilities. But nearly all the experts say young workers, in the future, will work longer and retire later than seniors today.
备考三月两战雅思听力阅读齐破8分
四节课改变阅读习惯雅思阅读65直达满分
海归华丽笔记背后的汗水10节课口语提升1点5
雅思写作提高需要有准备地练习
牛津大学工程系录取者思备考经验
学员2个月雅思平均成绩提高1分
梦想不分好坏港姐0基础5节课拿下雅思口语7分
雅思听力8分经验多看英剧磨耳朵
三战雅思老兵与雅思分手的分手历程
偷懒看电影营造语言环境雅思阅读获8分
每天掐时间定量练习1个月突破雅思阅读8点5
厚积薄发一个月突击攻下雅思听力8点5
勤做句型和词汇的替换练习雅思写作获7分
搭建多放沟通桥梁助学员雅思成绩稳步上升
从害怕到自信新手烤鸭首战突破雅思7分
短期强化一个月突破雅思阅读8分大关
慢性子眼镜男10节课雅思口语4分狂飙至6分
助我创造奇迹雅思听力阅读齐破8
以勤补拙雅思阅读一战拿下8点5分
英专女生分享雅思听力满分的炼成法
牛人分享雅思听力9分炼成法
雅思首战75分阅读听力备考经验分享
二战雅思7点5分获剑桥大学录取
两个月雅思阅读提高15题海战术没必要
艰苦8天一对一疯狂训练雅思口语55升7
掌握技巧增加阅读量成就雅思阅读满分
善总结雅思首战拿7分一套题当十套用
英语一般的在职考生分享雅思听力备考经验
雅思阅读8分经验扎实的语法基础真题演练
多次屠鸭写作难破6分找到方法升至75
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