1	GLOBALIZATION & THE AGING REVOLUTION
2	PRICES NOWADAYS ARE DETERMINED ON THE GLOBAL MARKET
3	REMEMBERING THE DEMOGRAPHICS In the developed industrial world, birth rates plummeted as life-expectancies increased. In 1988, the average Japanese woman of child-bearing age had just 1.57 children (vs. 1.87 in the U.S.)--the lowest fertility rate in the world--down from 1.77 children in 1979 and 4.54 in 1949 95% of world’s population increase in first 15 years of the 21^st century will occur in developing countries. Populations in Japan, Italy, Spain and Russia are projected to decline. In the U.S. in 1950, there were 16 workers for each retiree; in 2000, the ratio is down to 3.4 and is projected to reach 2.0:1 in 2034 In much of West Europe and Japan this ratio is even lower.
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5	ECONOMIC & POLITICAL CONSEQUENCES slower population growth at home means slow-growing domestic markets unless young mercenaries can be recruited, smaller pool for the military and greater reliance on battlefield technologies with aging of workforce, innovation may suffer as retirees sell their assets instead of saving, investment monies contract according to Ben J. Wattenberg in The Birth Dearth In 1950, 22% of the world's population lived in industrial democracies in 1950; in 1985 it was 15%; according to the projection, by 2100, 5% will live in industrial democracies.
6	BUT THE AGING REVOLUTION COULD BE EVEN MORE DRAMATIC IN THE DEVELOPING WORLD
7	THE AGING REVOLUTION WILL OCCUR AT FASTER RATE IN DEVELOPING WORLD In 2000, about 7% of the world’s population was 65 and older. Projections are that by 2050 this proportion will be 16%--about the same as Florida now. Advanced developing nations like Brazil, South Korea, and Argentina will in 30 years look like the mature developed world now. However, there pensions, savings and health care will be less.
8	OLDER WORKERS ADD COST TO FINAL PRODUCTS: CONSEQUENCE OF SENIORITY SYSTEMS, GREATER HEALTH CARE COSTS, ETC.
9	Japan's 1998 Employment Security Act for Older People government offers financial incentives to Japanese firms that hire or retain older workers size of a grant depends on the number of people age 60 or older working at the company kaizen: designing workplaces to fit the worker vs. designing workers to fit the workplace
10	GERONTECHNOLOGY
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13	With a dearth of younger workers some traditional industries will face personnel shortages Mining, Forestry, Construction, Agriculture, Manufacturing
14	THINKING ABOUT THE GOVERNMENT SUBSIDIES TO FARMERS—WILL GOVERNMENT SUBSIDIES TO AGED INDUSTRIES BE FOLLOWED BY SUBSIDIES FOR AGED WORKERS?
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16	AFFLUENT NATIONS EXPORT THEIR RETIREES TO NATIONS WHERE PENSION MONIES “GO FURTHER”
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29	PRESCRIPTION DRUGS & THE WORLD SYSTEM With the failure of Congress to devise a prescription drug plan for the old, many elderly are left to devise their own strategies of saving money on prescription drugs. This forces some to look abroad, where some drugs that require a prescription in the US are sold over the counter--and for much less. American doctors can also apply for licenses that allow them to write prescriptions for drugs in Canada. The demand for Canadian drugs has created a job for middlemen, who order drugs for residents that want to avoid taking the trip to Canada. The Food and Drug administration does not condone the purchasing of drugs abroad or over the Internet.