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by 4clicknet
5257 days ago
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This article reminds us that you can't just look at historic growth rates and extrapolate economic prospects. Environmental sustainability, the effectiveness of political institutions, and demographics start to matter more and more once you get to a certain level of prosperity. Also interesting is the effect of demographics on technological development. For example, one of the factors driving robotics technology in Japan is probably the size of their aging population and the need to take care of them. Another case of 'necessity is the mother of invention'? |
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Low fertility is a dynamic that nobody has had widespread experience with, so we don't really know what to expect. We also still have plenty of people on the planet, so a population decrease of 50% might actually be a good thing at the bigger scale.
I am surprised at Rand, if it is as simplistic a report as the comments say (sorry, not reading -- I live and breathe this stuff). Demographers should start doing scenario work, besides trend extrapolation, especially at a place that is crawling with military types like Rand.