Low fertility rates and higher life expectancy, which are the major driving forces behind population ageing, are gaining momentum in developing economies. Emerging markets must adapt quicklyThe challenges of population ageing are even more critical for developing economies. Small and open developing economies that are dependent on exports are especially affected by stagnant global growth. On the revenue side, developing economies generally have a small tax base with inefficient tax collection. Population ageing responsesDeveloping economies can learn from the extensive studies on policy responses to population ageing.

Source: Bangkok Post March 09, 2017 21:50 UTC