by Summary:
The global economic system is premised on growth, not just any growth, but growth where it matters (economically). However, population growth (the foundation of economic growth) among the high and upper middle income nations of the world is rapidly winding down. As I have outlined previously, total births have been declining among the combined high/upper middle income nations since 1988 and now births are declining everywhere but among the low income nations of the world (HERE). Without growth among the importers of the world with the income, savings, and/or access to credit...there is no growth for exporters. The high and upper middle income nations represent 49% of the worlds population but 91% of global GNI (gross national income) and 89% of total global energy consumption (as
Topics:
Mike Norman considers the following as important: economic expansion, Economic Growth, growth, population growth
This could be interesting, too:
The global economic system is premised on growth, not just any growth, but growth where it matters (economically). However, population growth (the foundation of economic growth) among the high and upper middle income nations of the world is rapidly winding down. As I have outlined previously, total births have been declining among the combined high/upper middle income nations since 1988 and now births are declining everywhere but among the low income nations of the world (HERE). Without growth among the importers of the world with the income, savings, and/or access to credit...there is no growth for exporters. The high and upper middle income nations represent 49% of the worlds population but 91% of global GNI (gross national income) and 89% of total global energy consumption (as
Topics:
Mike Norman considers the following as important: economic expansion, Economic Growth, growth, population growth
This could be interesting, too:
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Chris Blattman writes The dismal future of the Russian economy (and Ukraine’s?)
The global economic system is premised on growth, not just any growth, but growth where it matters (economically). However, population growth (the foundation of economic growth) among the high and upper middle income nations of the world is rapidly winding down. As I have outlined previously, total births have been declining among the combined high/upper middle income nations since 1988 and now births are declining everywhere but among the low income nations of the world (HERE). Without growth among the importers of the world with the income, savings, and/or access to credit...there is no growth for exporters.
The high and upper middle income nations represent 49% of the worlds population but 91% of global GNI (gross national income) and 89% of total global energy consumption (as well as gross commodity consumption). The decades, or more properly, centuries of growth among these wealthier under 65 year old populations (that drove economic activity) will cease around 2022. All subsequent population growth will be among the 65+ year olds of the wealthier nations, particularly among the 75+yr/old population and the masses of the poor nations. The end of population growth and subsequent reversals in these wealthier nations is ushering in an era of economic and consumptive decline unlike the contemporary world has ever seen....Unless the "haves" figure out that the way out is to make the "have-nots" also "haves" by using demand-side economics.
How likely is this?
Zero Hedge
The End Of Growth Among "Haves" Dooms Growth Among "Haves" & "Have Nots" Alike
Chris Hamilton via Econimica