Global Population Ageing, the Sixth Kondratieff Wave, and the Global Financial System

Abstract

The present paper analyzes some aspects of the population ageing and its im-portant consequences for particular societies and the whole world. Basing on this analysis, we can draw a conclusion that the future technological break-through is likely to take place in the 2030s (which we define as the final phase of the Cybernetic Revolution). In the 2020s – 2030s we will expect the upswing of the forthcoming sixth Kondratieff wave, which will introduce the sixth tech-nological paradigm (system). All those revolutionary technological changes will be connected, first of all, with breakthroughs in medicine and related tech-nologies. We also present our ideas about the financial instruments that can help to solve the problem of pension provision for an increasing elderly popula-tion in the developed countries. We think that a more purposeful use of pension funds' assets together with an allocation (with necessary guarantees) of the lat-ter into education and upgrading skills of young people in developing countries, perhaps, can partially solve the indicated problem in the developed states.