Ageing in emerging markets: Emerging Markets Symposium

Ageing in emerging markets: Emerging Markets Symposium

The rise of emerging markets in the last half century has been associated with violent shifts in the tectonic plates of demography, economics and geography. There will be larger shifts in the next half century as emerging markets are transformed by the megatrends of globalisation, urbanisation, digitisation, climatisation, ideological conflict... and longevity.

The United Nations anticipates that between 2010 and 2050, declining fertility and infant mortality and rising longevity will drive the proportion of the total population aged over 65 from 7% to 20% in Brazil; 8% to 24% in China; 13% to 26% in Russia; and 5% to 12% in India. Challenges and opportunities associated with population ageing are not unique to emerging markets. But like those associated with epidemiological transitions and urbanization, they have been so compressed that some transitions spread over 150 years in high income countries will happen in just 25 years in emerging markets.

This report is based on conclusions reached at a symposium on Ageing in Emerging Markets organized by the Emerging Markets Symposium (EMS) at Green Templeton College, Oxford in January 2015. It focusses on the causes and consequences of rising longevity in the largest and most successful emerging markets; explains why they must wake up to the realities of getting older; assesses the economic and social and health implications of population ageing; and relates ageing associated issues to the economic cultural and political diversity of emerging markets.

 

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