THE IMPORTANCE OF A LONG-TERM ECONOMY. ECONOMIC INTERDEPENDENCE BETWEEN STATES

The fact that individuals are living healthier, longer lives on average than in the past has the potential to be beneficial to the economy, countering the negative consequences of an ageing society. In a longevity economy, the economy's balance of sectors will evolve, with health and education expanding even more and new financial products emerging. Through employment and human capital, such an economy has the ability to contribute to growth in the gross domestic product. To transition to a longevity economy, reduced dependence on policies based only on age is required, and current policies directed at a variety of needs and conditions must be extended to older age groups. This move will be required to address inequity among age groups.