role of population in economic development

role of population in economic development

So, one must not view that population growth badly affects economic development. Agriculture’s contribution towards GDP growth is not only falling but the absorptive capacity of agriculture is also falling. 14 Table 3: Composition and Structure of Developing Economie s Population L evel (1981-2010) This development, consequent upon Mathusian pressure, has been forcing many farm people to migrate to towns and urban areas in search of employment. Kenya’s annual growth rate in real GDP from 1975 to 2005, for example, was 3.3%. Population census allows comparing different groups of people across the country. It is subtle. No one should exaggerate either the beneficial or the unfavourable effects of population growth on economic development. To the Greek philosophers, about 2,500 years ago, population growth was undesirable as it adversely affects economic development. So what is sauce for a goose may not be the sauce for a gander! suggested that the member of citizens of a country should be kept fixed at 5,040 on the ground that this number is divisible by any number from 1 to 12 except 11. Moreover, if the society has a limited stock of capital, labour may have to be substituted for capital, in which case the production function will exhibit the law of diminishing returns. Population growth plays a conflicting role in the development process of a country. In recent years, as agriculture is becoming more and more unprofitable, the issue of engaging surplus labour has become a concern to the Government of India. This then reduces productivity of labour. Such canard is made by developed countries who are to be condemned outright for destroying ecological balance. The vast secular boom in the post-industrial revolution England had been largely induced by the unparalleled rise in population’. The investment-diversion effect states that, because of rapid population growth a country’s scarce resources get diverted away to the so-called unproductive sectors of health, education and social services from the more productive growth- oriented sectors. The way an economy is organised is rather ‘inherently suicidal’. The current ecological crisis is caused by human economic activity or anthropogenic. All these may be linked to a developed rich economy addicted to growth. It is said that a rapid population growth causes an increase in dependency ratio—a high ratio of non-working population to working wage people or active population. Thirdly, an arithmetic increase in population permits in reaping economies of scale in production, greater division of labour, extension of the market, etc. First, all problems of levels of living, inequality and poverty are not to be necessarily linked with high population growth. Business activity will be spurred as a consequence. ADVERTISEMENTS: eBook includes PDF, ePub and Kindle version. And growth of population and labour supply has all … The whole world is burning fossil fuels to drive the growth economy. Neo-Malthusians attribute all of the world’s modem problems of underdevelopment to massive population growth. TRINITY INSTITUTE OF PROFESSIONAL STUDIES Sector – 9, Dwarka Institutional Area, New Delhi-75 Affiliated Institution of G.G.S.IP.U, Delhi B.Com (H) Indian Economy 888301 Population and Economic Development By Dr Vandana Malviya… 2. However, Mlthus ‘ argument came under severe attack at the hands of Karl Marx and F. Engles. high birth rates appear to reduce economic growth through investment effects. This logic assumes that the expenditures on human capital are unproductive. One example of the impact of population on economic growth can be seen in Detroit, where the local infrastructure suffered dramatically as people moved away.

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