0

The Shrinking North

PARIS – “Demography is destiny,” Auguste Comte is reported to have said. Today, his maxim appears to encapsulate the fate of a number of the world’s richest countries. Indeed, the United Nations Population Division’s recently released biennial World Population Prospects sheds new light on the debate – ongoing for over a decade – about the consequences of low fertility rates in many developed countries. And while the UN figures do not provide evidence that proves the grimmest forecasts of doomsayers, nor do they leave much room for optimism.

Demography allows for a much greater level of certainty than does economics. The women liable to give birth within a generation are already among us. Only if the fertility rate (the number of children per woman) is above the generational replacement level, namely 2.1, will there be a natural increase in population. But the fertility rate hit a low of around 1.3 at the turn of the century in Germany and Japan – and even lower in Italy, Russia, and South Korea.