Sunday, November 28, 2010

IR Blog Post 1 - New York Times Books

This Old World

The blog post is a review of the book "Shock of Gray" by Ted Fishman. It is about the aging of populations and the implications that this has on the global economy. The populations of the elderly will increase around the world into the future. This, combined with declining birthrates, will mean that industrialized nations will require foreign workers to allow economic growth. For example, five percent of Ecuador's population lives in Spain to care for that country's elderly. What real economic impacts will this have on the everyday lives of Americans? How can the author be so sure that technology will not balance out the negative effects of an elderly population?  Salon.com writes about the book. They disagree with the notion that older people are necessarily bad.

1 comment:

  1. its is ashame that people have to care for the elderly so much. also its a bonus that populations around the world are growing. that makes the lifespan longer.

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