EconAir

Kaiser Wilhelm INTRODUCTION Some historians believe that the twentieth century began with World War I.  But how did World War I begin? The horrors of Europe’s twentieth century were born of this catastrophe; it was, as the American historian Fritz Stern put it, "the first calamity of the twentieth century, the calamity from which all other calamities sprang." The consequences lasted at least until 1991, the breakup of the Soviet Union, which may mark the end of the twentieth century.  But the immediate cause of the war – instability and wars in the Balkans – reappeared again with the breakup of Serbian-dominated Yugoslavia, which was created after World War I. Rivalry among nations over influence in the Central European "borderlands" continues. Violence in the Middle East is partly a result of the arbitrary national boundaries drawn up by French and British imperialists during World War I. The economic dislocations caused by Wo...

Jakarta - 30 million people and sinking GLOBAL DEMOGRAPHICS Demographics, the study of the size and composition of population, will shape national and global economic growth and economic policy.   The period from 1950 to 2000 was highly unusual. The American “baby boom” started, temporarily reversing the long-term decline in birth rates.  Not just the United States but the global population experienced high birthrates and high population growth rates. In the middle of this period, partly due to more effective and more available birth control, birth rates began a rapid decline. The growth rate in world population began to fall. At the same time, much of the world’s population experienced rising standards of living. One consequence was longer life expectancies and rising average ages in industialized countries.   Countries with over a third of the world’s population and most of the world’s output now have birth rates below repla...