The issue of an ageing population has been well covered in Australia but its affect on major Asian nations like China and Japan, given the size of their economies, will be even significant. So how will shifting population growth change Asia's economy by 2050?
" China may not be the cheap place of manufacture in the 2020s it has been in the last 20 or 30 years."
Bernard Salt, KPMG partner and adjunct professor at Curtin University Business School
We can glean insights from looking at growth in individual country populations in the key 15 to 64 demographic, the traditional working age. These are people who buy consumer goods, take out loans, reproduce. And they pay tax. This is the gut, the engine, the piston that drives the world's economy.
Let's begin by looking at Australia.