Posted on October 27, 2015 by iMFdirect
By Benedict Clements, Kamil Dybczak, and Mauricio Soto
(Versions in 中文 and 日本語)
Populations are getting older around the world—that’s no surprise in light of declining fertility and improvements in health care. But in many countries, something more dramatic is going on—the population is actually shrinking. These demographic developments portend stark fiscal challenges. What should countries—whatever their degree of economic development—do to respond to these challenges?
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Employment, Financial Crisis, Fiscal policy, IMF, International Monetary Fund | Tagged: economic development, health care, life expectancy, public debt, public finances | Leave a comment »
Posted on December 8, 2014 by iMFdirect
By Jeff Hayden
“The first wealth is health,” American philosopher Ralph Waldo Emerson wrote in 1860.
Emerson’s quote, cited by Harvard economist and health expert David E. Bloom in Finance and Development’s lead article, reminds us that good health is the foundation on which to build—a life, a community, an economy.
Humanity has made great strides, developing vaccines and medical techniques that allow us to live longer, healthier lives. Other developments—such as increased access to clean water and sanitation—have helped beat back long-standing ills and pave the way for better health.
Filed under: Advanced Economies, Africa, Economic research, Emerging Markets, Financial Crisis, Globalization, IMF, International Monetary Fund, Low-income countries, Transition | Tagged: ebola, Finance & Development magazine, Finance & Development. F&D, health care, life expectancy, Nobel Prize, poverty, public health spending, Rwanda | Leave a comment »
Posted on August 14, 2011 by iMFdirect
Countries around the world are headed for a dramatic demographic transformation caused by falling fertility and rising life expectancy. Particularly in advanced economies, but also in other parts of the world, populations are getting older and this will affect every dimension of life—from the shape of the family to the shape of the world order.
Most problematically, perhaps, it could throw into question the ability of many countries to provide a decent standard of living for the old without imposing a crushing burden on the young.
The latest issue of the IMF’s Finance & Development magazine explores the consequences on society of aging populations. The world’s population will reach 7 billion this year and is projected to exceed 9 billion in 2050. But in the lead article, Ronald Lee and Andrew Mason say that hidden behind these headline numbers are important changes in the age distribution of the population. Continue reading
Filed under: Advanced Economies, Asia, Emerging Markets, Employment, Europe, Globalization, IMF | Tagged: baby boomers, budgets, demographic change, elderly populations, family, fertility, Finance & Development magazine, life expectancy, population aging, public spending | 2 Comments »