Why the baby business is booming

The business of surrogacy is growing fast, as fertility rates fall and demand from gay parents rises. This global trade has a dark underbelly, and needs policing.
00:51 America: putting a price on family
05:32 What’s driving demand?
07:52 How did surrogacy become a global trade?
11:30 Surrogacy’s dark underbelly
16:49 How can surrogacy be better regulated?
21:10 What’s in the child’s best interest?
Sign up to The Economist’s daily newsletter: econ.st/3QAawvI
Read our full quarterly report on fertility: econ.st/44YZqqD
The fertility sector is booming: econ.st/3rntoHm
Surrogacy reform is spreading in the rich world: econ.st/46jxFdK
Watch more of our Now & Next series econ.st/46f9mgU OR econ.st/3PrywBZ
Listen to our podcast about Britain’s proposed surrogacy law reforms: econ.st/44Wcayl
Watch our film about whether it’s worth having kids: econ.st/3Pr0SMR