says a Chinese proverb:
"If you want a year of prosperity, plant corn, if you want ten years, plant trees, if you want one hundred years, people planting ".
This proverb explains why the entry of the huge labor force of China in the global economy may be the most profound change in fifty or a hundred years. China, along with other emerging giants like India and Brazil have doubled the global labor force, raising global production and hence future global prosperity. According to the family planning policy of China, made in the early seventies, People peak working age between 16 and 60 years will be in 2016, according to government estimates these represent 990 million (approximately 80% of the total population) . This contrasts with the defendant demographic deficit living Europe, the decline in fertility, or "baby crash", with an increasingly aging population, estimated by 29% in 2050 (age 64) . Aging of not only increased spending in the health system and financing issues social security, but also a decrease in potential GDP growth, loss of competitiveness and productivity decline, unless remedied with a proper immigration policy ... But the truth is that nobody talks about immigration policy, social policy or , if not correct "policy of capitalization of private pensions", which addresses, in principle, problems of financing social security, and of course the fierce mouths hungry lobbyists who manage private pensions, but do not solve or growth or demographic rates, and increase competitiveness or productivity, let alone the welfare state, far from improving, is weakening, and will continue to weaken in the near future.
In this circumstance, is accompanied by the fact that the global slowdown due to the severe financial crisis is particularly acute in the advanced economies, growth has declined overall, except in emerging and developing economies , where they have been less affected by the crisis and continue to grow, led precisely because China and India.
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