Population, Productivity & Growth
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Summary
The old fear was a world too crowded to feed. Today many countries have birth rates below replacement.
South Korea, Japan, China, India and Thailand are all watching their populations contract quickly.
Many read this as a civilisational catastrophe. The talk asks whether it could be an opening instead.
Key points
The old prediction was completely wrong
The overpopulation panic is a lesson in the limits of extending a trend line forward.
Thailand belongs with Korea and Japan
With one difference: Thailand is ageing before it is rich, which is the harder condition.
There are genuine possible upsides
Less pressure on resources and environment, and a higher value per worker.
The problem is the speed of the change
Societies can adapt to fewer people given time. Rapid contraction breaks pensions and labour supply first.