Demographics and economic growth

Watch the full 25-minute video at http://www.goldmoney.com/muenz-turk-interview. Prof. Dr. Rainer Münz, Head of Research at Erste Bank, and James Turk, Director of the GoldMoney Foundation, talk about the relationship between demographics and economic growth. Münz states that normally higher population growth leads to higher demand and growth, but that this is dependent on the age structure of a society. At the early stages of aging, a society can reap a demographic dividend, but there are many factors influencing if this dividend can be reaped. In countries like China with an underdeveloped retirement system, the elderly are dependent on the support of their children, which is quite opposite to the norm in the developed world.

This video was recorded on September 30 at the GO AHEAD! Business Summit ’11 in Vienna.