Asymmetric Demography and Global Financial Governance

Different countries are at different stages of demographic change. These differences ("asymmetries") can create opportunities for mutually beneficial financial cooperation between them. However, flaws in the current international financial architecture and weak financial institutions in the developing world may constrain the ability of developing economies to take advantage of these opportunities. Moreover, demographic changes can lead to changes in capital accumulation and savings, and these can aggravate global financial imbalances and increase developed countries' public debt. The financial crisis and the absence of a reliable global liquidity safety net have increased incentives toward protectionism, thus reducing the chance that the window of opportunity provided by demographic change can be used effectively. Research teams in four emerging economies (Brazil, China, India, South Africa) will identify strategies to reform the international and domestic financial architectures and propose these for discussion at the G-20 and other relevant forums.

Project ID

106752

Project status

Closed

Start Date

Thursday, October 20, 2011

End Date

Sunday, April 20, 2014

Duration

24 months

IDRC Officer

de Haan, Arjan

Total funding

CA$ 414,377

Country(s)

Brazil, South America, China, Far East Asia, India, South Africa, North of Sahara, South of Sahara, North and Central America, Central Asia, South Asia

Project Leader

Jose Fanelli

Institution

Centro de Estudios de Estado y Sociedad

Institution Country

Argentina

Institution Website

http://www.cedes.org