On Dec 21, 8:03=A0pm, Mxsmanic wrote:
> grusl writes:
> > From admittedly dim memory, I think it was something along the lines of
> > large populations creating a large demand for goods and services.
>
> So does affluence. =A0A small but affluent population is preferable to a l=
arge,
> poor population.
>
> > Also high economic growth during a period of low population growth
> > or population decline is historically unsustainable.
>
> Economic growth isn't necessary if you have economic stability.
I'm under the impression that economic growth is generally considered
a good thing.
>
> > It's been reported that by 2020 the
> > USA will be short of 17 million people of working age, China by 10 milli=
on,
> > Japan by 9 million and Russia by 6 million while India will have a surpl=
us
> > of 47 million working age people.
>
> What will the standards of living be like in these countries?
2020 is only a dozen years away. China and India are generally
improving though not across the board, while Russia is slowly
recovering after a decline. The USA is possibly on the cusp of a
downturn - no doubt it will recover - and Japan is holding steady.
Cheers,
George W Russell
Bangalore |