Irreversible?

“The ageing and declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change.”- Toshihiko Fukui.

The One-Child policy of China successfully controlled the population explosion and increased the living standards of the Chinese people. As China became the world's manufacturing hub, millions were alleviated from extreme poverty, and the burgeoning middle class led to rapid growth in China.

However, the skewed sex ratio and an alarming fall in the birth rates led to the abandonment of the controversial one-child policy and curbs on childbirth were removed entirely in July 2021.

But why are ageing and declining population a bad omen for the global economy?

The bitter truth is that our world is ageing, and there is no remedy for reversing the decline. The ramifications of worsen…