For business, that will mean a huge demographic dividend, as working age populations with spare cash swell in these countries.
But it also means the seemingly inexhaustible pool of cheap global labour actually has an end in sight. Countries with falling populations will soon be common. Companies will have to learn to navigate these declining markets.
Finally, the end of population growth almost everywhere else will make Africa a hugely tempting market and manufacturing centre. More than that, however, lower fertility opens the prospect of truly tackling extreme poverty, with the chance of an accelerator effect as falling fertility elsewhere frees up resources to help the poorest.My only complaint about this article is its title: "The End of the Malthusian Nightmare: Falling fertility opens a new stage in human history, with greater control of our destiny." To be fair, we are not yet sure that we will be able to sustain 9-10 billion people indefinitely. When we get to that point, the "nightmare" will be over. And, it isn't exactly that falling fertility increases our control of destiny--it is really quite the opposite: gaining control of our destiny (as we have been doing over the past 200 years) is why fertility is falling.