Asymmetric Demography and the Global Economy

1. Front Matter

   Pages i-xv

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2. Introduction: The Project, the Results, and Policy Implications

   1. Introduction: The Project, the Results, and Policy Implications

      • José María Fanelli

      Pages 1-17

3. The Demographic Transition and the Macroeconomy: Setting the Stage

   1. Front Matter

      Pages 19-19

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   2. Demographic Asymmetries and the Global Macroeconomy

      • José María Fanelli, Ramiro Albrieu

      Pages 21-51

   3. Demography and the Macroeconomy: A Methodological Framework

      • José María Fanelli

      Pages 53-81

4. Demographic Asymmetries and the Global System

   1. Front Matter

      Pages 83-83

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   2. On the Macroeconomic and Financial Implications of the Demographic Transition

      • José María Fanelli, Ramiro Albrieu

      Pages 85-106

   3. Demography, Economic Growth, and Capital Flows

      • Richard N. Cooper

      Pages 107-126

   4. Emerging Economies and the Reform of the Global Monetary System

      • José Antonio Ocampo

      Pages 127-148

5. On Challenges and Opportunities for Emerging Economies

   1. Front Matter

      Pages 149-149

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   2. Macroeconomic Effects of the Demographic Transition in Brazil

      • Ricardo D. Brito, Carlos Carvalho

      Pages 151-185

   3. China’s Premature Demographic Transition in Government-Engineered Growth: Macroeconomic Insights and Policy Implications

      • Harry X. Wu, Yang Du, Fang Cai

      Pages 187-212

   4. A Study of Demographic and Financial Changes in India

      • Pranab Kumar Das, Saibal Kar

      Pages 213-241

   5. Demographic Transition, Growth, and Wealth in South Africa

      • Melvin D. Ayogu, Olumide Taiwo

      Pages 243-268

6. Back Matter

   Pages 269-293

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The global demographic transition presents marked asymmetries as poor, emerging, and advanced countries are undergoing different stages of transition. Emerging countries are demographically younger than advanced economies. This youth is favorable to growth and generates a demographic dividend. However, the future of emerging economies will bring a decline in the working-age share and a rise in the older population, as is the case in today's developed world. Hence, developing countries must get rich before getting old, while advanced economies must try not to become poorer as they age. Asymmetric Demography and the Global Economy contributes to our understanding of why this demographic transition matters to the domestic macroeconomics and global capital movements affect the asset accumulation, growth potential, current account, and the economy's international investment position. This collaborative collection approaches these questions from the perspective of "systemically important" emerging countries i.e., members of the G20 but considers both the national and the global sides of the problem.

• Ageing
• Demographic transition
• demography
• economic growth
• Global economy
• growth
• macroeconomics

Ramiro Albrieu, University of Buenos Aires, Argentina Melvin Ayogu, Mapungubwe Institute for Strategic Reflection, South Africa Ricardo D. Brito, INSPER Institute of Education and Research, Brazil Richard N. Cooper, Harvard University, USA Pranab Kumar Das, Centre for Studies in Social Sciences, Calcutta, India Cai Fang, Chinese Academy of Social Sciences Saibal Kar, Centre for Studies in Social Sciences, Calcutta, India José Antonio Ocampo, Columbia University, USA Olumide Taiwo, Centre for the Study of the Economies of Africa, Nigeria Carlos Viana de Varvalho, Pontifical Catholic University of Rio de Janeiro, Brazil Harry X. Wu, Hitotsubashi University, Japan Du Yang, Chinese Academy of Social Sciences

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