Posted on February 25, 2016 by iMFdirect
By Jeff Hayden
(Versions in عربي and Español)
Say “population growth” and many people immediately think of resources under stress. The mind jumps to 19th century scholar Thomas Malthus, who saw population outstripping the food supply, or to Paul Ehrlich, whose 1968 book The Population Bomb warned of global catastrophe from overpopulation.
Filed under: Africa, China, Employment, Fiscal policy, Government, growth, IMF, International Monetary Fund | Tagged: demographics, El Nino, employment, Finance & Development magazine, fiscal policy, inflation, oil prices, population aging, Sub-Saharan Africa, wages, women | Leave a comment »
Posted on July 21, 2014 by iMFdirect
By Min Zhu
(Versions in 中文, Español)
Asia is set to be the powerhouse for growth in the next decade, just as it was in the last one. The size of its economy is expected to expand more rapidly than the other regions of the world, and its share in the world output is expected to rise from 30 percent to more than 40 percent in the coming decade. The structure of the economy is expected to continue to transform from a narrower manufacturing hub to a group of vibrant, diverse and large markets with a rising middle-class population.
The role of the financial sector is critical in the success of this seismic transformation. Let me explain by focusing on three areas:
Filed under: Asia, Emerging Markets, Employment, Finance, Financial Crisis, Financial regulation, Globalization, growth, IMF, Inequality, International Monetary Fund, Investment | Tagged: Asian financial crisis, bond markets, China, financial services, income inequality, India, Indonesia, Japan, Korea, Min Zhu, population aging | 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 »
Posted on November 16, 2009 by iMFdirect
By Carlo Cottarelli
One obvious fallout of the global financial crisis is a huge deterioration in fiscal conditions, particularly in advanced countries. The numbers are nothing short of staggering. Gross general government debt in the G-20 advanced economies is projected to approach 120 percent of GDP by 2014, up from about 80 percent in 2007, and this is even assuming no renewal of fiscal stimulus beyond 2010.
Some might think that this comes from an “exotic” form of fiscal policy whereby governments opened their coffers to prop up financial institutions. But only a small part of this debt spike is matched by a rise in financial assets. It really boils down to “plain vanilla” deficits—revenue losses from the recession, fiscal stimulus, and some underlying spending increases that would have occurred even without a recession.
Filed under: Economic Crisis, Financial Crisis, Fiscal Stimulus, IMF | Tagged: debt overhang, debt ratios, fiscal exit strategies, fiscal space, Fiscal Stimulus, government spending, health spending, pensions, population aging | 2 Comments »