Further to the shifting economic momentum between ASEAN and the East Asian economies, Gordon Chang has just written an interesting blog post about the impact of low fertility on the future prospects of Japan, Korea, Taiwan, and even China. Chang points out that all of these economies have fertility rates below what is needed to simply replace the population.
In particular, Chang contends that China’s low fertility will have profound implications for the country’s future economic prospects. Indeed, it is forecast that India will overtake China in total population within the next 10 years.
Full blog post: