The world is in the midst of a major demographic transition. This paper examines the implications of such transition … over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world …

. Aging populations could adversely affect saving rates in these economies, particularly after 2025. For the world, one may … observe that, initially, the Asian Tigers could become increasingly important for world savings, reflecting their increased … weight in the world economy, their high saving and growth rates, and the aging of the industrial countries. After 2025, the …