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Klaralven

(7,510 posts)
Wed Oct 27, 2021, 09:54 PM Oct 2021

The Taiwan issue will fade away - literally

Relegating Taiwan’s status to the indefinite future has been a matter of tacit agreement between the United States and the People’s Republic of China since Richard Nixon went to Beijing in 1972.

That is less problematic than it might appear, because Taiwan, with the lowest birth rate of any political entity in the world, will literally fade away over the next 50 years.

Its total fertility rate stands at barely one child per female. Taiwan has 23 million people today, fewer than large Mainland cities like Chengdu, Chongqing or Shanghai. Its demographic decline will sap its relative importance over time.

Western commentators have made a great deal out of China’s demographic problems, and with good reason: With a total fertility rate of only 1.69 as of 2020, according to the current United Nations Population Prospects, China will age rapidly and its working-age population will shrink.

Taiwan stands at only 1.15, and its demographic problems are far worse.

Projecting this into the future, the United Nations, in its “medium variant” forecast, has Taiwan’s elderly dependent ratio at about 80 by mid-century – every 100 workers will have to support 80 elderly. That’s almost double the projected ratio for the People’s Republic of China.

https://asiatimes.com/2021/10/the-taiwan-issue-will-fade-away-literally/

Once other countries re-home their semiconductor supply chains, Taiwan will lose its global economic importance as well.

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