Topic > Asian Tiger Case Study - 1629

When the workforce is younger, productivity may be higher and more efficient. Population aging is inevitable at this time in the East Asian Tigers. The only thing the government could do is fix it. If the country fails to address this problem, the entire economy will suffer. The problem of population aging poses important long-term public policy challenges. Social insurance mechanisms are needed to ensure that older adults have adequate incomes when they retire, especially as the traditional extended family support system weakens (Peter S. Heller). All Asian Tigers have taken action. They have published relatively comprehensive medical insurance programs and use market principles to keep costs down. In China's Taiwan province, there is largely universal coverage in pension fund systems. This is exactly what the other Asian Tigers need to do. Although it is still difficult for Hong Kong, South Korea