The Economist (June 11)
2016/ 06/ 12 by jd in Global News
Like Japan, South Korea is also facing a major demographics challenge, especially if they can’t succeed in upping the percentage of working women. “With a fertility rate of around 1.2 babies per woman, South Korea’s labour force is set to shrink dramatically. If the country fails to make use of half its talent pool, stagnation looms. An OECD study estimated that if the labour-force participation rate for men and women was the same by 2030, GDP growth would increase by 0.9 percentage points annually. Since 2010 growth has fallen from 6.5% to 2.6%.”
Tags: Babies, Demographics, Fertility, GDP, Growth, Japan, South Korea, Stagnation, Working women
