Economic Growth
The concept of economic growth is central to our understanding of how economies function in a capitalist system. It is an indicator that is widely used on the macroeconomic level to determine the development and performance of economy over time and as a comparative measure across times. There exist many models that emphasize different causes of economic growth and the aim of this section is to take a closer look at those causes.
Demographic Transition and Economic Growth
Strong economic growth becomes less likely with slower growing populations
In the 20th century, global population was growing at an unprecedented speed of more than 2 percent annually and triggered warnings that the world is facing over-population. Today, however, the discourse surrounding population growth has significantly changed and public debate is dominated by how to deal with a continuous slowdown of population growth. This debate has also affected the debate about the impact of population growth on economic growth. How much is an economy dependent on a strong working age population that can simply add to the economic output through growing?
This article was first published in
Socio-Economic Research - Demographics
