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sheo ratan Agarwal's avatar

I compliment TDZ for articles that have Hidden Brains that will affect Economies other than GDP growth in long term.TDZ has excelled in digging deep and shares us valuable insight that Japan’s example has shown that economies can adapt to shrinking populations.As TDZ mentions we are living in A Shrinking World.By the end of this century, the global population will almost certainly start to shrink. Global birth rates will have to increase and stay there. Absent that, simple math dictates that the population eventually falls to zero.So,Japan or other countries need to adapt policies for shrinking population beyond economic growth.

In her novel, Scattered All Over the Earth, Yoko Tawada imagines a world in which Japan has physically vanished and Japanese-ness survives only with a handful of natives and Japanophiles.

In Japan octogenarians may soon be filling jobs like taxi driving if a rule change takes place. There’s very little slack in the labor market, “Nearly 87% of the working-age populace is employed, well above the 79% average of countries in the Organization for Economic Cooperation & Development,” says Gearoid.

The other article—How India's night-shift reforms are reshaping women's work—is very informative and if I’m not making a mistake,part of the article was covered in a previous TDZ.

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Zerodha's avatar

Glad you like it :)

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Abhijeet Kislay's avatar

The ultimate single unit of economic backbone is the human mind. Without people, there’s no supply, no innovation and ofc no consumption.

India thinks overpopulation as a burden. Maybe it’s not the best way to look at it - given Japan’s example.

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Bhratesh's avatar

Overpopulation is not only a burden it’s a curse in a corrupt nation like India. Just look around and see the resources being lost.

Developed countries they never had such a big population and yet the innovation and economic development has not stopped. Even Indians go and work in other countries in all kind of rolls.

Now you might think China has big population and is also corrupt but then China has become the Factory of the world, and is now in the tech race with the USA, current Chinese GDP per capita of US $ 18,000/- approx

After accounting for crony capitalism in our country I doubt that GDP per capita is even what is told in the reports i.e. US $ 2500/- approx

Human’s are just vote bank in our country. There is no political will to develop.

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krishna's avatar

:)

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