Emerging Economies’ Demographic Challenge
Population aging is often cited as a major economic challenge for the developed world. But shifting demographics pose an even greater threat to the growth prospects of many emerging economies, and only far-reaching productivity-enhancing reforms can ensure continued gains in prosperity.
WASHINGTON, DC – Population aging is often cited as a major economic challenge for the developed world. But a new report from the McKinsey Global Institute (MGI) shows that shifting demographics pose an even greater threat to the growth prospects of many emerging economies.