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Health Is Wealth in a Geriatric World
Both developed and developing countries are graying at an unprecedented pace. To stop this silver tsunami from exacerbating macroeconomic imbalances and further decreasing domestic consumption and investment, the world should follow Saudi Arabia’s lead and invest in medical research and innovation to extend healthy lifespans.
https://prosyn.org/DEy4Ck8
WASHINGTON, DC – US President Donald Trump’s tariff bombardment of the world is likely to be the main topic of conversation among the assembled political leaders, international-finance experts, development practitioners, economists of all stripes, and corporate CEOs who will soon gather in Washington for the annual spring meetings of the World Bank and the International Monetary Fund. The harsh impact of Trump’s tariffs on markets, prices, and, most importantly, individuals will certainly justify their dominance of participants’ public and private discussions. But the looming impact on the world economy of today’s demographic changes, if left unaddressed, will be as harsh – and perhaps more permanent.