Data released earlier this year showed that South Korea’s fertility rate is now the world’s lowest, at 0.84 births per woman in 2020, contributing to the country’s first-ever population decline. Other major powers in the region—including China and Japan, the world’s No. 2 and No. 3 economies, respectively—also have rapidly graying populations. On the Trend Lines podcast this week, Ronald D. Lee, a demographer and economist at the University of California, Berkeley, joined WPR’s Elliot Waldman to discuss the implications of East Asia’s demographic transition, and what policies can be implemented to address it. Listen to the full conversation here: [...]
A full accounting of the costs of the United States’ failed intervention in Afghanistan will take years or even decades. But judging from the reactions from overseas to the past week’s events, the debacle has already taken a significant toll on America’s credibility. Justifiably or not, President Joe Biden’s insistence on a complete military drawdown, despite the growing warning signs throughout the summer of a Taliban takeover, has prompted U.S. allies and partners to question whether Washington will uphold its security commitments elsewhere in the world. From Europe to East Asia to the Middle East, a key takeaway from the [...]
The results of China’s once-a-decade census, released in May after a one-month delay, showed that the population of mainland China grew at an average rate of 0.53 percent each year between 2010 and 2020. The official results contradicted an earlier report by the Financial Times, which indicated the census figures would actually show a population decline. What is certain, though, is that the combination of higher life expectancies and lower fertility rates poses a huge challenge for East Asia’s largest economy, and for other major economies in the region as well. Japan, South Korea, Taiwan and Singapore all have population [...]
