Knowledge such as people's skills and expertise, science and technology, and education recently has become more and more important for economic growth. This is indicated by the recent increase in investments intended for software as well as research and development. This "knowledge economy" is closely connected to globalization.
We tend to think of globalization as the exchange of goods or services, and it is true that economic problems stemming from a declining and aging population can be dealt with, for example, by increasing There is an argument that the unemployment rate has been declining because the working-age population has shrunk due to a declining and aging population.