Demographics over the next 30 years will be the key driver for the global economy. The worldwide baby boom generation is aging as birth rates in most of the world decline. Population growth will directly affect economic growth, prosperity, resource demand and labor. The global economic system will have to adapt to these demographic changes. Whether this will be small pivots for the existing free market-focused systems or complete deviation to other economic systems is the crucial question the world faces. John Ibbitson, Co-Author of Empty Planet: The Shock of Global Population Decline, is joined by FreightWaves Executive Editor and Oil Market Expert, John Kingston.
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