However, it is continued high economic growth and savings rates that can do much to enable Asian countries to provide for the fiscal challenges that will emerge from ageing.
In this regard, given the current strength of domestic demand in Canada and the high level of resource utilization, governments need to guard against adding to any excess demand pressures. Despite considerable progress in Canada and elsewhere in maintaining macroeconomic stability, the growing integration of the world economy has made it clear that this is not enough.