Demographic Asymmetries and the Global Macroeconomy

José María Fanelli and Ramiro Albrieu

Chapter Chapter 1 in Asymmetric Demography and the Global Economy, 2015, pp 21-51 from Palgrave Macmillan

Abstract: Abstract This chapter sets the stage for the analysis in the rest of the book. We provide empirical and conceptual background concerning international demographic asymmetries and examine the consequences for the distribution of the international labor force, global savings, and the growth dynamics of countries experiencing different demographic stages. We focus on the countries of the G-20 and, particularly, the four emerging economies selected for the country studies: Brazil, China, India, and South Africa (see chapters 6–9). Based on this evidence, we discuss the implications for global imbalances, capital flows, and the required expansion of the domestic financial system in emerging market economies. We interpret the implications in light of the financial and monetary distortions and flaws in the rules of the game that the global post-crisis scenario reveals.

Keywords: Current Account; Saving Rate; Demographic Transition; Capital Flow; Current Account Deficit (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-48143-6_2

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DOI: 10.1057/9781137481436_2

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