Finance is also a boom industry, fuelled by an explosive combination of economic growth, demography, technology and financial innovation.

ECONOMIST: A survey of financial centres: Capitals of capital | The

For most of human history economic power has been determined by demography.

ECONOMIST: A game of catch-up

Yet what Japan fails to appreciate is that, as the years pass, its economic ailments are being compounded by skewed demography.

ECONOMIST: The future of Japan

Mr Sinclair called for more realistic economic modelling when looking at Scotland's ageing population and changing demography as the committee continued its inquiry into the issues on 19 September 2012.

BBC: Finance Committee 1

Now with the interconnected influence of demography, debt and deficits, we're likely to see considerably slower economic growth than in past years.

WSJ: Baby Boomers' Investment Returns Will Be Constrained, This Researcher Warns