Aging Economy Essay

1821 Words8 Pages
FAMILY AND DEMOGRAPHIC CHANGE: To what extent does the global ageing of a country affect the economy? Reformat the front page! Introduction: Reasons for choosing this topic: I chose this topic because I feel that the present generation runs on the basic principles of economics. One of the major problems being faced today is due to the global recession which took place in 2009. There were many factors which contributed to the recession; one of the minor problems was due to the gradual increase in the ageing population. Keen to collect information on this provocative topic, I began my research. Definitions according to the oxford dictionary: Life Expectancy: The average period that a person may expect to live. Economy: The state of a country or region in terms of the production and consumption of goods and services and the supply of money. Country: A nation with its own government, occupying a particular territory. Explanation: The world is said to reach a population of 9.2 billion people in 2050. The economy of a country is affected in multiple ways; one of the factors affecting the progression of an economy is the life expectancy. In the past decade, the sizes of families are decreasing due to many reasons such as low fertility rates, economic reasons, high education, and etc. causing an increase in the elderly population. Over the years, the life expectancy is continuing to rise at a phenomenal rate as the technologies advance to protect myriads of lives. The increased ageing population has been putting constant pressure on the economies to provide for the sick and the unemployed. In turn, this hinders the progress of the economy. But on the contrary, the increase in older citizens in an economy has also benefitted t... ... middle of paper ... ...rieved May 17, 2014, from Markaz. (2014, May 6). Retrieved from Oxford Dictionary . (n.d.). Retrieved April 6, 2014 United Nations. (2014, April 30). Retrieved April 30, 2014, from Wikipedia. (2014, May 17). Retrieved May 17, 2014, from Rand Corporation. (2014, April 19). Retrieved April 19, 2014, from Work on the perspectives systematically, then move to courses of action and scenarios. What was you stand point regarding the topic of question at the start and how has it changed in the end? More sources are required as evidence for research Good progress so far!
Open Document