(1888PressRelease)
November 25, 2008 - The year 2008 marks the beginning of the baby boomer retirement avalanche. This coincides with recent developments in global population trends, surging food and fuel prices, natural resource availability and the crisis of climate change – hence resurrecting fears of a modern day Malthusian catastrophe.
The new book by John Wiley & Sons (Asia) Pte Ltd, The Age of Aging: How Demographics are Changing the Global Economy and Our World, explores a unique phenomenon in the history of mankind: one that takes us into uncharted territory. Low birth rates, coupled with rising life expectancy, are leading to a graying population worldwide.
Author George Magnus argues the footprints of an aging world can be detected in nearly all major world issues. He examines key issues concerning the economic effects of aging, the main proposals for addressing the implications and how graying societies will affect family and social structures, and the type of environment in which the baby-boomers’ children will grow up.
Magnus also addresses the increasingly distinct contrast between the expected old age bulge in Western nations and the youth bulge in developing countries, and the implications for globalization, shifts in economic and political power and international security that follow suit as advanced and developing countries take opposite demographic paths. Would developing countries be adequately prepared before aging starts to manifest itself in another 25 to 30 years? Are they getting old before they get rich?
The author states, “Unless governments assume larger economic and social involvement and responsibilities, the challenges arising from aging societies will probably not be addressed effectively. Global implications of demographic change, along with those of parallel concerns such as climate change and resource scarcity, also require a more substantial role to be played by strengthened international institutions.”
This book offers a powerful outlook at the phenomenon of population aging and provides insights of what this implies for the global economy in an in-depth but not academic approach, making it a thought-provoking yet easy read.
About the Author:
George Magnus is the Senior Economic Adviser at UBS Investment Bank since 2005. Prior to this appointment, he was Chief Economist at UBS Investment Bank, leading a team of professional economists to the highest accolades in the Institutional Investor and other industry analyst surveys. He has produced widely read and well-received research on demographic change, the deployment of petrodollars, sovereign wealth funds and the commercial renaissance of the Silk Road between China and the Middle East and Africa.
George Magnus was also among the first few to predict in early 2007 the impending Western credit crisis and its pervasive global economic consequences. The author appears regularly on Bloomberg TV, CNBC, and the BBC, and has been interviewed by and written for major newspapers around the world.
Table of Contents and additional information on the book is available on: http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470822910.html
For more information about the book or the author, please contact:
Ms Camy Boey
Public Relations Executive, Corporate Communications
John Wiley & Sons (ASIA) Pte Ltd,
2 Clementi Loop, #02-01
Singapore 129809
Tel: +65 6460 4257, Fax: +65 6468 9358
Email: cboey ( @ ) wiley dot com
About Wiley
Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for over 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 350 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Physics, Chemistry and Peace.
Our core businesses include scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade publishes books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley’s global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada and Australia. The Company’s website can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb.
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