Category: Asia

GROWTH FORECASTS AND DEVELOPMENT PROBLEMS
Since South and Southeast Asia are among the growth centers of the world economy, the trend towards urbanization will continue. China, still an underdeveloped country in the 1980s and now the second largest economy in the world (after the USA), slowed its explosive population growth through the one-child policy from 1979 onwards. In a few years, according to UN estimates, the country will lose its status as the most populous country in the world to India. China’s age structure is currently changing dramatically. The country is facing major demographic and social challenges: despite the abandonment of the one-child policy, the number of young people is falling, while the number of old people is increasing; China’s population could even decline from 2040 onwards. There is a serious disproportion between the sexes. For example, in 2011 there were 118 births of a boy for every 100 births of a girl, since the birth of a boy is considered more socially desirable and targeted abortions are not uncommon. It is economically significant that the expenditure for pensions will rise sharply in the future, but the number of workers will decrease. For more information about the continent of Asia, please check physicscat.com.