Asian Development Bank Institute (ADBI), Ageing Societies: Policies and Prospective

Abstract

It is evident that population ageing1 has been recognised by both the developed and emerging economies, and its repercussions on the economy and society have taken the centre stage of the discussion. More recently, this phenomenon was among the pivotal discussion points at the G20 summit. In view of G20 interests, ADBI (Asian Development Bank Institute) came up with a report on ageing to address the issues and concerns of the G20 countries. It is a well-researched document and the first of its kind, particularly in the context of G20 countries. This report covers various aspects—demographic dynamics, macroeconomic challenges, savings, investment and labour productivity, social security, fiscal and financial policies of the nations—of ageing in both the developed and developing countries. The discussion is broadly categorised into three groups in this review: (i) Demographic Transition and the Ageing Society; (ii) Economic Implications of an Ageing Population; and (iii) Effective Response to the Ageing World and the Way Forward.