Question

Examine the role of population in economic development

Answer 1

the precise relationship between population growth and per capita income has been inconclusive in the literature and the nexus has been found not clearly explain the determinants of rapid population growth in developing countries that lacks fertility control and management framework. This forms the rationale for this study to access the trend of factors that influence rapid population growth in developing countries between 1980 and 2010. This paper examined the comparative trend review of population growth determinants between developing countries (Bangladesh, Ethiopia, Indonesia, Mexico and Nigeria) and developed nations (Germany and United States). The trend analysis revealed that fertility rate, crude death rate, birth rate, mortality rate, and life expectancy are the major determinants of rapid population growth rate, while youth dependency ratio of young people below age 15 has also been attributed as one of the leading causes of population growth and growth threat in developing countries. However, the analysis further indicated that excluding Mexico from the Upper Middle Income group, developed economies (United State and Germany) with large population size have a higher real economic well-being as measured by the Real GNI per capita, compared with selected developing economies in the world. The study then proffered the need for population control framework and provision of essential infrastructures for the rapid growing population size in developing countries in order to enhance their welfare.