Understanding economics is easy. In the short run it's all about INCENTIVES, in the Long Run it's all about DEMOGRAPHICS. The more I travel the world the more I realise that the latter has a big impact on the short run too. Birth and death rates and MIGRATION are massive issues for global decision makers today. They impact public service resources, taxes and budgets.The chart below is one example of the statistics that bring understanding of these variables. For example, I am looking at smart investing in those countries with lots of young people who can strive to give me a long-term return.
