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China’s Economic Demography Transition Strategy: A Population Weighted Approach to the Economy and Policy

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  • Johnston, Lauren A.

Abstract

The first pandemic of the 21st century has brought Pyrrhic attention to one of the era’s greatest megatrends – population ageing. Today rich countries are disproportionately affected but increasingly the world’s elderly are residents of developing countries. In rich and poor countries alike, a policy approach that explicitly accounts for the interdependence of economic and demographic change – an economic demography transition approach - has never been more pressing. Thanks partly to the tragedy of history’s greatest Malthusian stagnation, that of mid-20th century China, Chinese policymakers implemented draconian population control measures alongside dramatic economic reforms from around 1980. This paper elaborates China’s consequential and ongoing economic demography transition strategy within the economic and development policy discourse. Amid epochal demographic, public health, and geo-economic change, this economic demography perspective is timely, unique and useful in extrapolation across all economies.

Suggested Citation

  • Johnston, Lauren A., 2020. "China’s Economic Demography Transition Strategy: A Population Weighted Approach to the Economy and Policy," GLO Discussion Paper Series 593, Global Labor Organization (GLO).
  • Handle: RePEc:zbw:glodps:593
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    More about this item

    Keywords

    Population ageing; Economic Demography; Demographic Transition; China;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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