The Retro Effect
Given the absence of an existing term, Retronomics started using the term ‘Retro Effect’ to describe the economic and social consequences of living in a country or region that is experiencing a long term birth deficit. ‘Retro’ is Latin for ‘backwards’, and therefore ‘Retro Effect’, or ”backwards effect’, describes the consequences when a population is ‘reversing’ and shrinking in size. Retro, being a latin word, translates into a large number of the languages found across Europe, further endorsing it as a term that could be well suited to describing Europe’s challenges. A family of related terms come to mind, such as ‘retrolands’, the nations that are suffering from the Retro Effect, and ‘retrometrics’, the metrics used to measure the impact of the Retro Effect.
The world needs a term for this effect, just like we have a common understanding of what we mean by ‘climate change’ (even if some may disagree on the issue itself). Retronomics will support any commonly agreed term, but in the meantime, will use the term Retro Effect to describe the issues surrounding population collapse.