Ageing People

World politics Business & finance Economics Science & technology Culture The World in 2012 Blogs Debate Multimedia strike edition Special report: Ageing cosmoss Age is creeping up on the world, and any moment flat it impart contract to show. The consequences go away be scary, says Barbara Beck (interviewed here) Jun 25th 2009 | from the print edition STOP thought process for a moment about deep recession, trillion-dollar rescue packages and mounting job losses. Instead, contemplate the prospect of s imprint growth and low productivity, rising public spending and labour shortages. These atomic number 18 the problems of ageing creations, and if they sound comparatively mild, think again. When the IMF earlier this month calculate the impact of the recent financial crisis, it found that the costs will indeed be huge: the financial balances of the G20 advanced countries ar likely to deteriorate by eight percentage points of gross domestic product in Corbis 2008-09. But the IMF also noted that in the daylong term these costs will be dwarfed by age-related spending. look ahead to the period between now and 2050, it predicted that for advanced countries, the fiscal burden of the crisis [will be] about 10% of the ageing-related costs (see graph 1).

The other(a) 90% will be extra spending on pensions, health and long-term care. The rich worlds population is ageing fast, and the poor world is only a few decades behind. According to the UNs latest biennial population forecast, the normal age for all countries is due to rise from 29 now to 38 by 2050. At present just under(a) 11% of the worlds 6.9 billion people are over 60. Taking the UNs central forecast, by 2050 that partake in will have risen to 22% (of a population of over 9 billion), and in the developed countries to 33% (see chart 2). To put it another way, in the rich world iodine person in three will be a pensioner; nearly one in ten will be over 80. This is a slow-moving but intransigent development that in time will have wide economic,... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.