What Asia’s ageing economies need to do to survive
Several countries in the region will have to consider immigration, older workers and more female labour participation if they are to stabilise the working-age population.
Demographics are destiny, but at a macroeconomic level, ageing societies do not need to turn into the economic graveyards that pessimists assert they will.
There are important, if limited, coping mechanisms to deal with the predicted stagnation or fall in the working-age population that most countries face.
