Article by Charles Handy on how population decline in the developed world will affect capitalism significantly by 2030. Handy begins the article discussing the fall in birthrates across industrialized nations, while populations in the developing world continue to increase. He connects these reproductive and demographic issues to a world economy in which spending has decreased in industrialized countries, resulting in more money going out of pension funds and the stock market than money going in, thus negatively affecting older members of society. Handy argues that industrialized nations must buy from developing nations and, in the home market, set the elderly at work to supplement their pensions and increase their spending money. In this scheme, Handy notes, the practice and traditional idea of retirement may become obsolete.
Handy, Charles B Handy, Elizabeth Management today series Retirement Reproduction
Source
Article by Charles Handy on how population decline in the developed world will affect capitalism significantly by 2030, 2002; Charles Handy Papers; Box 15, Folder 8; 2002
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