Eastern Europe is a demographic disaster... When your population is shrinking, thats bad for several reasons. First, it means your population is not growing, which you really need it to be in order to sustain a healthily growing economy. Second, it means that working-age people will make up an ever-smaller share of your population, which will be increasingly dominated by the elderly. Old people typically dont work, and they consume far more social services. So the strain on those services goes up just as the number of people paying into them goes down. Its a recipe for real trouble. Most of the shrinking countries are in Eastern Europe, where birth rates are very low and lots of people are leaving to seek better opportunities.
Posted on: Fri, 01 Nov 2013 08:44:49 +0000
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