Terra Incognita: The Economics of a Shrinking World

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Terra Incognita: The Economics of a Shrinking World
As of 2026, humanity is likely below replacement fertility. As far as we can tell, this has never happened before in our history as a species, not during wars, not during pandemics. Population keeps growing for another 30 years or so through momentum, and then it falls: our reading puts the peak at roughly 9 billion around 2056. • The UN WPP 2024 “Medium Variant” says 10.29 billion in 2084. I will explain why I disagree. • China already records 3.3 million more deaths than births a year. • But the real surprise is where the fall is happening. To read the paper, click here: https://www.sas.upenn.edu/~jesusfv/Demographics.pdf __________ 🔔 Subscribe for more discussions: @HooverInstitution 👍 Like and share this video! 🌐 Follow us on social media: • Facebook: https://www.facebook.com/HooverInstStanford • LinkedIn: https://www.linkedin.com/company/hoover-institution-at-stanford-university • Instagram: https://instagram.com/hooverinstitution • TikTok: https://www.tiktok.com/@hooverinstitution • X: https://www.twitter.com/HooverInst The opinions expressed on this channel are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University. © 2026 by the Board of Trustees of Leland Stanford Junior University.
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