The latest research on the global population decline predicts Canada can be a prominent immigration hub in the next 80 years.
Immigration policy helps Canada to become one of the largest economies. Canada’s current openness to immigration must continue if the country wants to maintain one of the world’s largest economies for the rest of the century, according to a new study projecting global population and economic trends between now and 2100.
The study by the Bill and Melinda Gates Foundation and carried out by researchers at the University of Washington in The Lancet primarily focuses on an anticipated decline in the world population as fertility rates fall in the second half of the 21st century.
It forecasts that the global population will peak in 2064 at 9.73 billion people. By 2100 – less than two generations later – that number will be nearly one billion lower, and nearly three-quarters of the 195 nations included in the study will not be producing enough children to maintain their workforces.
“Once global population decline begins, it will probably continue inexorably,” the researchers behind the study wrote.
The study predicts that Canada’s population will peak later in the century, at nearly 45.2 million in 2078, and fall slightly to 44.1 million by 2100.
Shrinking populations can cause economic damage, as fewer people are available to work. One way to offset this is by accepting large numbers of immigrants to make up the difference, as Canada has been doing for decades.
All that immigration would see Canada replacing Russia as the world’s 10th-largest economy by 2030 and remaining there for the rest of the century, even as Nigeria and Australia bump Brazil and Italy out of the top 10, according to the forecast.
“As long as these immigration policies continue, our reference scenario showed sustained population growth and workforce expansion … with concomitant economic growth,” the researchers wrote.
Let’s join the path to become a part of Canada.