In this insightful episode, British economist Charles Goodhart, renowned for his expertise in central banking and monetary policy, discusses his latest book 'The Great Demographic Reversal.' Goodhart explores how significant demographic changes, such as aging societies and declining fertility rates, are impacting the global economy. He delves into the economic and social implications of a shrinking workforce, the increasing need for elderly care, and the potential role of radical changes in public finance and immigration policies. Goodhart also contrasts the demographic strategies and outcomes between different regions, particularly Asia and Africa, and reflects on the future challenges and opportunities for global economies. Key themes include the importance of health in aging populations, the political difficulties of raising retirement ages and taxes, and the critical role of technological innovation.
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