The Age of Aging: How Demographics Are Changing the Global Economy and Our World

Name: The Age of Aging: How Demographics Are Changing the Global Economy and Our World
Brand: Wiley
SKU: 9780470822913
Price: 3212.0 INR
Availability: InStock

by George Magnus

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ISBN13: 9780470822913
Binding: Hardcover
Subject: N/A
Publisher: Wiley
Publisher Imprint: Wiley
Publication Date: October 1, 2008
Pages: 321
Original Price: USD 45.0
Language: English
Edition: N/A
Item Weight: 635 grams
BISAC Subject(s): Economics / General

About The Book

From the Inside Flap
The Age of Aging explores a unique phenomenon in the history of mankind, and therefore, one which is taking us all into uncharted territory. The combination of low or declining birth rates and rising life expectancy is producing rapid aging of the world's population and stagnation in the number of people of working age in Western societies. Aging is most obvious in Japan and will soon become more visible in other Western countries and some emerging markets including China, though most poorer countries will not really encounter more severe aging issues for another 20 years. George Magnus examines the broad economic effects of aging, the main proposals for addressing the implications, and how aging societies will affect family and social structures, and the type of environment in which the baby-boomers' children will grow up.

The contrast between the expected old age bulge in Western nations and the youth bulge in developing countries has important implications for globalization and for immigration in Western countries--two topics already characterized by rising discontent or opposition. Aging issues are also bringing new challenges for the world to address in two sensitive areas, the politicization of religion and the management of international security.

George Magnus asserts that the challenges arising from aging societies will probably not be addressed effectively unless governments assume larger economic and social involvement and responsibilities. He also argues that the global implications of demographic change, along with those of parallel concerns, such as climate change and resource scarcity, will require a more substantial role to be played by strengthened international institutions.

About The Author

George Magnus is the senior economic adviser at UBS Investment Bank and has held this position since 2005. Before this, he was the bank's chief economist with effect from the merger between UBS and Swiss Bank Corporation in 1998, leading a team of professional economists to the highest accolades in the Institutional Investor and other industry analyst surveys. His previous responsibilities involved senior macroeconomic and managerial positions in Union Bank of Switzerland, SG Warburg and Bank of America. Mr. Magnus' research is widely known and respected in the financial services community and the business media in the United States, Asia and Europe. He was one of very few to articulate at the beginning of 2007 that a major credit crunch in the United States and the West was likely, with damaging and long-lasting economic consequences around the world. He lives and works in London, is married, and has four children.

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