Diagnosing the Slowdown in Global Growth: What Will It Take to Turn the Tide

This presentation will describe key secular trends that have weighed on global economic growth since the start of the millennium - the demographic drag on labor forces, subdued investment, and increased resource misallocation - and will draw implications for the medium-term. www.imfconnect.org/content/im...

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Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

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Economic development growth in developing countries correlates strongly with decline in birth rates as birth-related mortality declines and female labor force participation increases. The assumption often made is that motherhood and homemaking labor has less of an economic/productivith impact than does the equivalent labor input in traditional employment, yet the long-term irony is that now we have declining population and our TFP is declining. Technology and capital input can only do so much to make up for the gap created by the devaluation of the contribution of the world's most important economic institutions - effective, loving families. An effective marriage will be able to sustain more children, reduce the strain on governments and childcare needs due to broken homes, and will provide the structure for creating more educated, healthier and productive individuals (more effectively than any NGO investment or Government program). I see us not looking obliquely, but focusing on individuals and firms without recognizing that the most powerful policies/ideas (good and bad) for governing people, education, and economics exist and are perpetuated in the home, the literal cradle and factory of civilization, by mothers and fathers.