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November 15, 2011

The demographic dividend

Three weeks ago the world’s population passed seven billion with predictions that it could reach 15 billion by the end of the century. Naturally the emphasis of media stories was on the planet’s ability to support such a figure and the stark environmental dangers of a population explosion.  Certainly the figures are staggering. It took 250,000 years for the global population to reach 1 billion, another century to reach 2 billion and 32 years more to reach 3 billion. However,  the increase from 5 billion in 1987 to 6 billion took only 12 years; and 12 years later, it stands at 7 billion. By 2050, the UN estimates there  there will be 9.3 billion people.

In fact, the growth in the world’s population is actually slowing, with the peak of population growth in the late 1960s, when the total was rising by almost 2% a year. Now the rate is half that figure. The last time it was so low was in 1950, when the death rate was much higher. The result is that the next billion people, according to the UN, will take 14 years to arrive, the first time that a billion milestone has taken longer to reach than the one before. The billion after that will take 18 years.

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September 19, 2010

The business of ageing

There have been some recent news stories that, within 50 years, scientific advances may be such that human illness will be all but eliminated. Indeed, some scientists believe that human immortality is achievable within a few decades, while others believe that life extension is a more achievable goal in the short term. Of course, the absence of ageing would provide humans with biological immortality, but not invulnerability to death by injury, impact or global ‘Armageddon’. Although the idea of immortality may sound inviting to those of us closer to the ‘university of third age’ than university, the current economic and social problems created by rising population would be magnified unimaginably  – what would it mean for childbirth for example?

Population ageing is an international concern, because of consequences of coming age-structure changes, e.g., growth in the number of elderly, decline in the number of youth, and accompanying economic and social costs, such as pensions and medical care. For those of a brave disposition, you may wish to calculate your life expectancy on one of the many sites that offer such calculators; one of which can be found here.

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July 16, 2010

China’s Demographic Challenges to its Economic Growth

Filed under: Economics — Tags: , , , , , , — Peter Anthony @ 10:10 am





 

Image Source: Wikimedia Commons

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