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UK economic recession the way out

The immediate solution for UK to come out of the current recession is by encouraging immigrants who will be young work force. This will bring down the median age and increase the consumption which in turn will boost the economy. Dr. Rajeshs Diamond theory of consumption: The Macro-economic status is dependent on the consumption of the individuals in the economy; this in turn is dependent on the median age of the population. Hence the point where the median age falls on the vertical axis of the consumption diamond will be a reflection of the economy of the country,. The major factors that determine the consumption of a population is the median age. This when plotted on the consumption diamond will reflect the economic status of the country or the population. The mid point on vertical axis will be 45 years of age, which is the median age of the Independent phase in diamond theory which is between 30 to 60 years of age. One another factor which would influence the consumption of a population is urbanization. When a population gets into urban lifestyle their consumption level will go up. So along with median age urbanization is also considered on the consumption diamond, with 100% urbanization at the mid point on the vertical axis.
Country India China US UK Median age of the population in Yrs 26.20 35.50 36.90 40.00 % Urban population 30 47 82 80

The values in the table are plotted as per the diamond theory, which is as seen below.

Conclusion:
Following table shows the percentage of the median age of a country with respect to the median age of 45 years which is the maximum consumption phase of a human on an average as per Diamond theory. The table also shows the % urban population which also influences the consumption. % of median % Urban age population achieved 30 58 47 79 82 82 80 89

Country India China US UK

Based on the above table 1. India is well poised to continue with very good economic growth which could be between 7 to 10 % GDP for the next 20 years. 2. UK economy has saturated with the median age at 40 and the urbanization is also at 80% which has also saturated and their GDP could be around 1% for the next 20 years. 3. US has a little bit more steam left in terms of median age which is at 36.9 yrs but hardly any room in terms of urbanization. Their economy could be around 2% for the next 20 years. 4. China has room left mainly in terms of urbanization which is only at 47% and the median age is 35.5 yrs is keeping them at the peak. They will start their south ward in the next 10 years by which time their average age would have become 38.7 yrs. Their GDP will start going down by 2020.

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