Author(s)

Yitian Lyu¹, Chenrui Zhang²

¹Shanghai Starriver Bilingual School, Shanghai, China.
²The Albany Academies, Albany, USA.

When the world goes into the 21st century, there is a general and apparent trend of slowing-down for all economies around the world, especially for the super economies. In this essay, in order to derive the possible factors that lead to the slowdown, we are going to analyze the economic situation of the top four economies (China, Japan, and EU, chiefly the US). The significant factors that we find out include the less effect of capital accumulation; the decreasing fertility rate from the 1960s; the slowdown productivity; and the economic instability. Based on these factors that we have derived, we predict that the economy will keep slowing down worldwide.

Capital Accumulation, Fertility Rate, Economic Instability, Solow Model, Globalization, Demographic Structure

Lyu, Y. and Zhang, C. (2019) Slowing Economic Growth around the World in the 21st Century. Open Journal of Business and Management, 7, 1926-1935. doi: 10.4236/ojbm.2019.74131.