Economic Policy in a Demographically Divided World

Economic Policy in a Demographically Divided World containsthe economic analysis of the consequences of demographicchange and the diverging population developments in aninterdependent world economy in particular. The globaldivergence in demographic developments gives rise to amyriadof economic and ethical problems. This topic istreated with the help of themathematical apparatus ofneoclassical optimal growth models. The author tries todisentangle the basic policy issues of a demographicallydivided world, such as a selective immigration policy,sustainable patterns of international lending and borrowing,development aid, and dynamic optimal taxation. The most important feature of the book is that it bringstogether information and theories of fairly recent date toanalyse a practical policy problem, viz. issues related to aworld economy that is characterised by a demographicdivision. This stylised fact is hardly given some attentionin current economic theory and the book contains withrespect to this stylised fact some new results. Customers might benefit from the book by gaining intuitionconcerning principles of economic policy in a worldcharacterised by demographic change.