Why is East Asia’s aging population a concern for their respective governments?
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East Asia’s aging population is a concern for their respective governments because it means that there will be fewer people in the workforce, meaning less economic growth and fewer taxes collected. It also means that there will be more elderly people who need to be cared for, which puts a strain on government resources. Additionally, fewer people in the workforce could lead to a decrease in innovation and productivity, which could further stifle economic growth.
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