2. ‘Our large population is not a cause of poverty but an asset, a resource.’ Write a debate in 150-200 words either for or against the motion.
Answers
Answer:
It could be an asset, but we aren’t using it as such.
Every day, hoards upon hoards of our population are tied outside of the workforce in prisons, in poverty and unemployment, underemployed producing less wealth than they are capable of, mired in trauma and suffering that’s held them back from their potential.
With relatively simple investments in our human capital, that large mass of workers instead becomes the breeding ground for start ups, for incredibly high productivity labor, for innovations that change our world and bring new solutions to the multi-dimensional, cross-sectoral crises we face every day in every part of our society.
Some nations invest more in their human capital than others, and it’s apparent in the outcomes those nations see. Those with enormous investments in the psychological, cognitive, physical development of their populations have long life expectancy, high happiness, high productivity, highly complex markets, and achieve a great deal of innovation. Those who fail to invest in their human capital, we refer to as failed states, as the people fundamentally lack the development to deal with the complexity of society, and thus are relatively doomed to be stuck where they are.
The advanced welfare apparatus of the nordic states has shown enormous benefit. Despite it’s expense on society of providing so many comprehensive services and benefits to all in society, they are also actively outcompeting much of the rest of the world on the newest innovations in technology and culture.
Meanwhile, nations like America, where the welfare state is bare bones and tends to trap you in it with strict, frequent means testing and red tape, even very skilled, hard workers set back by temporary unemployment can be trapped for years, unable to do more than part time underemployed work for society as their productive years pass by unused, resulting in massive poverty in our cities, a slowed growth rate, a slowed innovation rate, falling life expectancy, and other ills.
The practice of developing our human capital to do better as societies and nations, to outcompete the rest of the world and to help bring the rest of the world to a better level is a relatively young field of study, and by far the best work I’ve seen come out of it so far is “The Listening Society” by Hanzi Freinacht
Explanation:
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Answer:
People as Resource
Explanation:
For long decades India was looking to its population as liability rather than asset for economy. But Now We all people understand that population can be asset for economy rather than liability.India is poised to have one of the largest pools of young people in the world in the future. Demographically, does that qualify as a dividend or a disaster?
You can't make a real argument either way unless you take another aspect into account: skill.
The able working population in India must be transformed into capable working people. Numbers alone don't matter. A growing population of young people becomes an asset only when it has the skills to become an economically productive segment of society. Otherwise, it ends up being an economic burden, consisting of more mouths to feed.
Indias growing youth population Asset or liability
India is poised to have one of the largest pools of young people in the world in the future. Demographically, does that qualify as a dividend or a disaster? Punit Paranjpe/AFP
Ensuring that its youth population turns into an economic asset is the challenge that faces India today, according to experts who participated in a skills development discussion at the World Economic Forum (WEF) India Summit being held in Mumbai.