The population in advanced countries is growing at low rates. At the same time, it is also aging. An aging population combined with low population growth rates can have important social and economic policy implications. This may have important effects on economic growth, heath care, pension system and the standard of living in advanced countries.
Globalization may have played a role in the emergence of poverty in developed countries. When people in the lower income group experience long-term unemployment, they may slip into poverty. While the poverty rate has remained between 12 to 15 percent in the last few decades in the U.S., the number of people living in poverty actually increased.
The absolute size of an economy does not portray the complete picture of a country. When a country has a large gross domestic product, it does not necessarily mean that its residents are rich. The country may have a significantly large population which will lead to low per capita income.
The illicit financial flows to the developed countries may often be accompanied or followed by people who accumulate the illicit finance. As these people have engaged in bribery and other unlawful activities in developing countries to accumulate their illicit finance, there is always a possibility that they may resume their criminal behaviour once they move to the developed countries.
Canada will see timely benefits as global trade picks up. Prospects for the domestic economy are not strong, but exports are already rising nicely. Domestic weakening should help to free up capacity for exports, which is running pretty tight in some industries. In others, there is capacity to absorb growth.
The megacities of the developed countries and the developing countries are significantly different. Cities like Tokyo and New York have very high per capita incomes and can provide basic services like law and order, health care, education and utility services to their residents. These cities have built the necessary infrastructure to cater to the needs of their residents.