Amit's Blog

  Part 4 – The two dominant economies of the world over the last 150 years In this, the fourth part of this series we take a look at The UK and The USA. The former was the dominant world economy for a whole century, up until the first world war. Even now, The UK ranks among the top 6 economies of the world and enjoys a per capita income level of USD 40,000. The United States has been the dominant power for the last 100 years. Both these countries have stark differences from Japan and Asia in the way their demography has developed. Both have taken in a lot of immigrants over the past 100 years (The USA for even longer. It’s a country that was built by immigrants). This is in sharp contrast to the Asian giants who have a unidimensional character. The UK The fertility trajectory for The UK is significantly different from that of the Asian Economies. To start with, it was much lower at around 3.5 during 1900 and dropped rapidly to 2 by the end of WW1. Post the great war, it quick...

  Part 1 – The key parameters that influence shifts Economic demography examines the determinants and consequences of demographic change, including fertility, mortality, marriage, divorce, location (urbanization, migration, density), age, gender, ethnicity, population size and population growth. Demographic dividend refers to the growth in an economy that is the result of a change in the age structure of a country's population. The change in age structure is typically brought on by a decline in fertility and mortality rates. Demographic dividend occurs when the proportion of working people in the total population is high because this indicates that more people have the potential to be productive and contribute to growth of the economy. In essence, there’s a period in nation’s progress when longevity is increasing and working age population is large in proportion to the old age population. The median age is low. This is when the nation is best positioned to move forward. In th...