Low birthrate and ageing population pose ‘an urgent risk to society’, but can opening its borders to skilled overseas workers fix the problem?
Low birthrate and ageing population pose ‘an urgent risk to society’, but can opening its borders to skilled overseas workers fix the problem?
South Korea is running into the same problem. Most advanced economies have low birthrate, but South Korea has the lowest in the entire world. This has created an issue of a looming population crisis.
Typically countries fix this by allowing more immigration, but South Korea is incredibly xenophobic and many would rather attempt to deal with a population collapse than allow non-koreans into the country.