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A population time bomb has been heralded as imminent for many years. Proponents of the theory forecast steep and rapid declines in population levels. However, these forecasters have forgotten one of the three major variables that determine population size – and how difficult it is to predict.
Advanced economies have been facing adverse demographic developments for a long time
Those especially nervous of the time bomb’s ticks point to the declining fertility levels across advanced economies, already familiar in countries like Japan and Germany and creeping up in other advanced economies. Why the decline? The reasons for rapidly declining
