Population growth is a necessary phenomenon for growth and security in the any world economy. Within this essay I will explain and clarify why rapid population is significant issue especially in developing economies. I will also provide clarity on why population growth has become so rapid in these developing countries. At the present time the world’s population is just over 6.3 Billion, of which more than two-thirds live in the developing countries. At the present rate of increase world population will double every 65 years and by 2050 the population is predicted to rise to 8 billion if birth rates continue to fall dramatically or 12 billons if birth rates only come down slowly.
Rapid Population growth plays a conflicting role in the development process; it can act as both a stimulus and a barrier to growth and development. However the main point to consider at what point do the economic disadvantages begin to outweigh the advantages? Where does the balance lie? The conventional view is that high levels and rates of population growth constitute a problem for the world as a whole and for the developing countries in particular. Population growth, it is argued, depresses human welfare because it:
Uses up scarce resources, puts pressure on food supplies, leads to overcrowding and congestion in cities, adds to the employment problem, and reduces the savings ratio and dilutes the quantity of capital per person employed. The pessimistic view on population originates with Malthius who states ‘there is a constant tendency in all animated life to increase beyond the nourishment prepared for it. Thus every mouth is accompanied by a pair of hands, but ever pair of hands produces less and less additional output’.
The effect of population growth also has an effect on savings, the traditional argument is that population growth... [continues]
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(2011, 03). What Accounts for the Population Explosion in Developing Countries During the Last Forty Years? in What Sense Is Rapid Population Growth a Problem’. StudyMode.com. Retrieved 03, 2011, from http://www.studymode.com/essays/What-Accounts-For-The-Population-Explosion-631087.html
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