A sudden shift in population worries the economists and industrialists

The world population crossed the 7 Billion mark recently and where the global economist are confronted with a much bigger challenge than they faced a decade ago, there is another dare given by recent surveys.

According to several researches conducted in Asia, Europe and the USA, the major concern of the economists will not be the overpopulation in the coming two decades but the very reciprocal of it. Modern medicine has no doubt increased the average age of a
man in developed countries or the developing countries for that matter. However, the modern urbanization has significantly decreased the birth rates in several parts of the world.

Emerging countries like Iran, China and Brazil might see fewer youngsters by 2030 or even sooner but developed countries like Japan and some parts of Europe and even the US are already facing a dearth in births.

This fact may be a sight for some sore eyes, who want to see a decrease in population or stability in the current rate, but the scant younger generation will affect the industrial sector. Currently, Japan’s economy is choking because of the lack of workforce
due to fewer births in past two decades.

By 2030, it is estimated that in developed countries like Italy, Germany, China and Iran there will be two workers against every retiree whereas, the US, Pakistan, India and Bangladesh might have a better rate of three workers for every retiree but even
that will not be sufficient for a stable economy or a developing economy like India and China.

The rate of six or more children in every household in America has seen a substantial scarcity in the workforce over the last few years. China’s manifesto of one child for every grown-up will soon show its vitals to their economy as their workforce, which
has been their most effective economic weapon over the years, will see a sizable difference.

Moreover, a majority of women in countries like Italy, Taiwan and Japan show no intentions of conceiving even one child. One third of Japanese ladies over 30 are unmarried and the lady-population is always more than that of men. The similar trend of not-having-babies
is likely to spread into other Asian countries.

If this ratio of elderly to toddlers keeps on growing at the same rate, the year 2050 might see a drastic decrease in population and barren cradles for that matter.

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Posted by Usman Khalid on Oct 28 2011. Filed under Europe, Pakistan, USA, World. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry