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East Asian economic development : Two demographic dividends

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  • East Asian economic development
  • Mason, Andrew; Kinugasa, Tomoko
  • East-West Center


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Title East Asian economic development
Similar Titles
Sub Title

Two demographic dividends

Material Type Reports
Author(English)

Mason, Andrew; Kinugasa, Tomoko

Publisher

Honolulu:East-West Center

Date 2005-06
Series Title; No East-West Center Working Papers(Economics Series) / 83
Pages 39
Subject Country Eastern Asia(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Macroeconomics
Social Development < Population
Holding East-West Center

Abstract

The importance of the demographic dividend to East Asian economic growth is now widely recognized. During the last four decades of the 20th Century the working age populations grew much more rapidly than the dependent populations fueling growth in per capita income. Over the coming decades, however, demographic change is seemingly unfavorable. In the coming decades the working-age populations of many countries will grow more slowly than dependent populations because of rapid growth of the elderly. Thus, the demographic dividend will be undone. The thesis advanced in this presentation, however, is that appropriate economic policy could produce a second demographic dividend—one that is as great or greater than the first dividend and one that may last indefinitely. Contrary to popular wisdom, population aging may prove to be the source of stronger economic growth and greater prosperity in East Asia.