The economics of demographic shifts4 min read 09 Dec 2015, 10:22 PM IST
Ageing strikes at the very roots of the welfare state and the social contracts on which democracy rests
There is a growing sense, in the wake of the recent global financial crisis, that mainstream macroeconomic frameworks are inadequate in explaining the real world. Arguably, the forces of globalization, the neglect of financial markets and demographic change have undermined these frameworks.
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