How Asians can have more babies

... a lesson that East Asia has yet to learn... Investment in children through government spending may provide a much better return than accumulating vast fiscal surpluses to be invested in low yielding foreign assets or unnecessary infrastructure.

There is a dumb arrogance in East Asia's approach to excess savings and its inability to face up to the reasons for its abysmal fertility rates. The two are linked. That must change if the whole region is not to be a geriatric poorhouse. Read more...