exponential population growth as a potential downfall of the economy

analytical Essay
521 words
521 words

The aim of this research paper is to analyse the impact of population growth on long run economic growth. Several intersecting factors can help account for the effects of population growth on economy. Our world’s population has increased dramatically over past centuries due to fertility dynamics and immigration. Many economic models fail to explain this relationship as there are too many variable that must be taken into account, and without doing so, one cannot reach absolute certainty. In order to further understand this relationship we must break down and define the terms long run economic growth and human wellbeing before proceeding. Long run economic growth refers to rise in GDP which in turn can improve the country’s standard of living. Human wellbeing refers to individual happiness based on income, employment, and other available resources that increase standard of living. In relation to the marginal increase in GDP we have seen over past decades, the incremental increase has become relatively smaller. While many economists believe that population growth will utlimately result...

In this essay, the author

  • Analyzes the impact of population growth on long-run economic growth, stating that many economic models fail to explain this relationship.
  • Explains that thomas malthus, in "an essay on the principle of population", proposed mechanisms of controlling growth factors and strict punishments to constrict fertility.
  • Compares george c. zaidan's paper population growth and economic development with the malthusian view.
  • Explains that frank t. denton and byron g. spencer present their opinions numerically in the report "population change and economic growth: the long-term outlook."
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