China’s Economic Demography Transition Strategy: A Population-Weighted Approach to the Economy and Policy

Posted: 1 Jul 2020

Date Written: June 30, 2020

Abstract

The first pandemic of the 21st century has brought Pyrrhic attention to one of the era’s greatest mega-trends – population ageing. Today rich countries are disproportionately affected but increasingly the world’s elderly are residents of developing countries. A policy approach that explicitly accounts for the interdependence of economic and demographic change – an economic demography transition approach - has never been more pressing. Thanks partly to the tragedy of history’s greatest Malthusian stagnation, that of mid-20th century China, Chinese policymakers implemented draconian population control measures alongside dramatic economic reforms from around 1980. This paper elaborates China’s consequential and ongoing economic demography transition strategy within the contemporary economic discourse. Amid epochal demographic, public health, and geo-economic change, this economic demography perspective is fundamentally timely, unique and useful for all countries.

Keywords: Population Ageing; Economic Demography; Demographic Transition; China 

JEL Classification: 011; 043; 053

Suggested Citation

Johnston, Lauren A, China’s Economic Demography Transition Strategy: A Population-Weighted Approach to the Economy and Policy (June 30, 2020). Available at SSRN: https://ssrn.com/abstract=3639054 or http://dx.doi.org/10.2139/ssrn.3639054

Lauren A Johnston (Contact Author)

SOAS University of London ( email )

SOAS University of London 10 Thornhaugh Street, Ru
London, WC1H 0XG
United Kingdom

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