A Critical Analysis on the Low Birth Rate Problem and the Effectiveness of Relevant Policy

This paper discusses the importance of the birth rate problem and the effectiveness of Chinas Three-Child policy. In order to efficiently elaborate problems, this paper analyses the issue from several perspectives. Firstly, a declining birth rate will have a negative impact on the global and domestic economic development due to the decrease in labour force. Secondly, this paper suggests that the key reason for this declining birth rate is the rising economic pressure on young people. This paper finds that China, Japan, and South Korea face the same low birth rate problem. Hence, this paper investigates the different wage levels and house prices among these East Asian countries and elaborates on the relationship associated with declining birth rates. Furthermore, this paper also discusses how to ensure the successful implementation of the Three-Child policy, and what effect the social welfare and the Three-Child policy can bring to help the society and the economy.