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Aspects to the relationship between economic growth and development
Aspects to the relationship between economic growth and development
Discussion global population growth
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FAMILY AND DEMOGRAPHIC CHANGE:
To what extent does the global ageing of a country affect the economy?
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Introduction:
Reasons for choosing this topic:
I chose this topic because I feel that the present generation runs on the basic principles of economics. One of the major problems being faced today is due to the global recession which took place in 2009. There were many factors which contributed to the recession; one of the minor problems was due to the gradual increase in the ageing population. Keen to collect information on this provocative topic, I began my research.
Definitions according to the oxford dictionary:
Life Expectancy: The average period that a person may expect to live.
Economy: The state of a country or region in terms of the production and consumption of goods and services and the supply of money.
Country: A nation with its own government, occupying a particular territory.
Explanation:
The world is said to reach a population of 9.2 billion people in 2050. The economy of a country is affected in multiple ways; one of the factors affecting the progression of an economy is the life expectancy. In the past decade, the sizes of families are decreasing due to many reasons such as low fertility rates, economic reasons, high education, and etc. causing an increase in the elderly population. Over the years, the life expectancy is continuing to rise at a phenomenal rate as the technologies advance to protect myriads of lives. The increased ageing population has been putting constant pressure on the economies to provide for the sick and the unemployed. In turn, this hinders the progress of the economy. But on the contrary, the increase in older citizens in an economy has also benefitted t...
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...rieved May 17, 2014, from http://www.global-ageing.eu/agafrica.html
Markaz. (2014, May 6). Retrieved from http://www.markaz.com/DesktopModules/CRD/Attachments/DemographicsResearch-MarkazResearch-June%202012.pdf
Oxford Dictionary . (n.d.). Retrieved April 6, 2014
United Nations. (2014, April 30). Retrieved April 30, 2014, from http://www.un.org/News/Press/docs/2007/pop952.doc.htm
Wikipedia. (2014, May 17). Retrieved May 17, 2014, from http://en.wikipedia.org/wiki/Aging_of_Japan
Rand Corporation. (2014, April 19). Retrieved April 19, 2014, from http://www.rand.org/pubs/research_briefs/RB9126/index1.html
Work on the perspectives systematically, then move to courses of action and scenarios.
What was you stand point regarding the topic of question at the start and how has it changed in the end?
More sources are required as evidence for research
Good progress so far!
The Australian government will increase the age pension from 65 to 70 by 2035(Australian Department of Human services [AU]). This announcement has lots of challenges for Australian people who are under 50; some people support the rise and find it beneficial for the future economical life. However, others are against the announcement as it has lots of concerns for their future plan, as they have to work longer to save more for their retirement. The current population ageing put pressure on the young workers who support retirees and their families, at the same time it affect the economic development. So the rise of pension has advantages and disadvantages on the future life standard of most Australians. It is beneficial decision from the government to provide a productive and qualified future life.
An aging population is indeed a problem for the society and will possibly cause many social and economic difficulties in the future. According to David Foot (2003), professor of Economics at University of Toronto, an effective birth rate of 2.2% against current 1.75% will be necessary to replace the current work force in the near future and the government’s policy of bringing in more immigrants will eventually fail (Foot, 2003, 2). However some people predict that the increased size of an aging population will drive growth in the home, health care, and many other industries resulting in job creation and economic growth (Marketwire, 2013, 1). Majority of the people are of the opinion that the issue will be mainly in the health care and economic activity. As humans age, they start to develop health problems, leading to more visits to a medical clinic putting extra burden on health care system.
are forced to live off of. What happens if there is not enough to go
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Uhlenberg, Peter. 1992. “Population Aging and Social Policy.” Annual Review, Sociology, University of North Carolina, Chapel Hill.
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Older adults are a very knowledgeable population and have had a lot of life experiences. As people age, things start to change physically, mentally, and socially. It’s important to understand the process of aging, so that older adults can be taken care of properly. I interviewed P.R. who is a 71-year-old male that lives alone in his home. P.R. is a retired coal miner, and is currently living off his social security and savings. He lives close to both his daughter and son, who frequently help him out with things that are needed. P.R. was able to give me a lot of insight about specific challenges that he has experienced in his life that is associated with aging. I will be discussing challenges that P.R experienced physically, mentally,
Adults entering the midlife years (middle adulthood) are experiencing an overabundance of life changes. Hall, Hernandez, Wong, and Justice (2015) stated that, during middle adulthood important changes occur across the physical, cognitive, and social domains of development. There is a mounting amount of research on the changes that middle-aged adults experience. One of the most unexplored factor that middle-aged adults experience is Ageism. Ageism can be defined as the act of being prejudice or discriminative towards a specific age group. Although, Ageism can occur at any given place and in any age group. Research shows that it is more prevalent in older adults,
One of the most important concerns that not only the certain region or country but the whole globe is facing with is the societal aging. Societal aging refers to the “social and demographic process that result in the aging of a population” Aging of the population would impact different aspect of social life. For instance, as the baby boomers aging, the evolvement of those generation in different community would increase. Also, the expectation of better healthcare and ethical issues around the aged people has grown (Morgan & Kunkle 2016: 6).
... active workforce. In this scenario, the number of aged people needing care from the younger generation would be relatively high. The situation implies that the aged people would have to work past their retirement ages and take care of themselves. There are consequences associated with overworking at old age such as developing illnesses and eventual premature loss of life. The premature loss of life lowers the life expectancy of a country. In this regard, voluntary childlessness reduces the number of people in the community. The long term effect of the situation is that it lowers life expectancy in adults.
According to DeBrew, author of “Can being ageist harm your older adult patients?” stereotypes and discrimination are evident in various aspects of patient care. “Ageism [is] defined as stereotyping or discrimination aimed at older adults and a lack of knowledge about normal changes of aging and presentation of illness in older adults (. . .)” (DeBrew, 2015). DeBrew (2015) states, “research findings suggest that ageism is common in healthcare” (DeBrew, 2015). Ageism is not only an issue in the healthcare setting, but also among older adults as well as their families. When ageism is present in the healthcare setting it poses
Very Late Adulthood: Ageism. America's older population is growing at an alarming rate. Statistical evidence indicates growth amongst the very late adult age group. For instance, the CB (2011) found that, between 1960 and 1994, the population group 85 and older had risen by 274 percent in contrast to the general elderly population that rose to 100 percent. The upsurge of the elderly population could potentially escalate occurrences of ageism and abuse within the cohort.
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An increase in human population can influence our economy. Some of the factors that are affected are unemployment, poverty and the restriction of economic expansion. When the population increases, the cost of health, education, and other areas of urban growth are affected. Unempl...