Abstract
Objective: World is graying at different pace around the world. However due to globalization and economic factors almost all countries are facing new challenges in taking care of their elderly.
Design: Extensive literature review
Results: Industrialization, urbanization and globalization have caused young people to leave the farms for city, leaving their elderly parents and traditions behind. This study will explore the social, psychological, economic, and political effects of these trends on elderly.
Conclusion: Industrialization, urbanization and globalization have also increased the aging population across the world. It has tremendous effects on government expenditures for elder care and housing, labor supply and participation, economic productivity and saving levels. Although elder care is different around the world, it is necessary to study and learn about various cultures and plan an appropriate health care for elderly in each community.