We’ve kicked, flogged, and beaten the snot out of China’s demographic horse, but what other countries are facing a similar demographic decline?
Germany, Japan, and Italy are first on the list. These countries got an early start on industrialization and urbanization thanks to their geography. Thus, rapid aging and population shrinkage was locked in for these WWII Axis powers. South Korea’s rugged terrain meant urbanization was essential, which has translated to them being one of the fastest aging societies in the world.
India and Brazil started down this road much later than the rest of this list, but decades of low birth rates, low fertility, and limited technological upgrades put them in a difficult position. Should these trends continue, they could face severe demographic and economic challenges before reaping the benefits that come along with industrialization.
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