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Demographic Transition, Middle Class, and the Rise of Digital Economy in Indonesia

Teguh Dartanto, Ph.D., Dean of the Faculty of Economics and Business at Universitas Indonesia, will address the benefits and challenges that Indonesia is facing in the midst of a demographic transition, an expansion of the middle class, and a rise in its digital economy.

Transcripts for BBCNEWS Newsday 20240604 01:03:00

so the burden on everyone is quite heavy. putting aside the financial burdens, it s quite a heavy commitment for people in our generation, in terms of time and energy. i ve been speaking to the population expert from the school of earth and environmental sciences at the university of queensland, dr elin charles edwards. she told me about the significance of these figures. we have known this has been coming for a long time but it is a real milestone and this coupled with the fact that india is likely to overtake china as the most populous country this year is a real shift in global population. and when you look at the fact that this has been a trend, what are you expecting to see in terms of the impact on chinese society and the economy there? we have known this is coming, most countries are going through what we are calling a demographic transition where we are having sustained falls in fertility rates over time, and

Transcripts for BBCNEWS Newsday 20240604 00:04:00

through a demographic transition where we are having sustained falls in fertility rates over time, and china s fertility levels has been below replacement levels since the 1990s. it has a profound impact on the population and you ve got fewer young people supporting an ever larger share of elderly chinese. why is this happening? talk us through the historical context of all of this. there are a number of reasons that fertility falls, initially it is about childhood mortality, as infants set by, people reduce their family size but as economies develop and modernise, we had seen that the cost of children capital shifts, so in agrarian societies children can be a source of labour. but as countries industrialise and urbanise, they become a net cost, so people want fewer children, they focus on the quality rather than the quantity of children.

Transcripts for BBCNEWS Newsday 20240604 23:04:00

chinese society and the economy there? ~ ., ~ ., , , chinese society and the economy there? ., ~ ., , there? we have known this is coming, most countries there? we have known this is coming, most countries are there? we have known this is coming, most countries are going there? we have known this is coming, most countries are going through - there? we have known this is coming, most countries are going through a . most countries are going through a demographic transition where we are having sustained falls in fertility rates over time, and china s fertility levels has been below replacement levels since the 1990s. it has a profound impact on the population and you ve got fewer young people supporting an ever larger share of elderly chinese. who; larger share of elderly chinese. why is this happening? talk us through the historical context of all of this. . . , the historical context of all of this. . ., , ., , this. there are a number of reasons that fertility this. there are a

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