CONSEQUENCES OF THE DEMOGRAPHIC CRISIS

Liviu Radu and Carmen Radu
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Liviu Radu: Nicolae Titulescu University, Bucharest, Romania
Carmen Radu: Nicolae Titulescu University, Bucharest, Romania

Global Economic Observer, 2014, vol. 2, issue 2, 161-172

Abstract: Major dysfunctionalities can arise from the demographic decline, both on a social level and from the perspective of the economic-financial evolution of the world’s states. The obvious aging of the industrialized states’ population overlapping the import of cheap workforce in the developing countries can start mutations whose consequences are somewhat predictable but discouraging. An accelerated urbanization of the states is foreseen, as well as the decrease of birthrates, negative external migration, increase of mortality and its stagnation in a larger value than that of the birthrate, and not least the population’s aging will hinder a part of the developing countries to sustain a high rhythm of long-term economical increase. The social-economic consequences will be reflected in the labor market, the householders’ amount of income as well as in the education’s level. All of these aspects call for a rethinking of the public politics, especially of the social insurance’s system and of the education, a reorientation of the economy based on the increase of specializing in production and productivity, as well as a financial stability unburdened by the politics’ interference in the business environment.

Keywords: demographic decline; population aging; migration; urbanization; public politics; economic growth. (search for similar items in EconPapers)
Date: 2014-11
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