Advanced economies have attained high incomes, high-quality infrastructure, extensive provision of public services, and high productivity well before their populations began aging. But birth rates have fallen precipitously over the past two decades—and not just in wealthy countries. Over the next quarter century, emerging economies like Brazil and Turkiyë could struggle to “get rich” before they get old.
For more, see: Dependency and depopulation? Confronting the consequences of a new demographic reality.