MANPOWER ECONOMICS ASSIGNMENT
Akinrodoye Adunola
INTRODUCTION
Population can be defined as the number of people living in any defined area at any given time. Hence the population of Nigeria consists of all the people who live in the country at any given time (Dictionary of Economics, 1998; Ojo, 1997). Population however cannot be treated in isolation without a serious consideration for the characteristics (demographic distribution) of the population which is a pre-requisite for an effective and efficient manpower planning which will enhance human resource development and of course effective human resource utilization. The demographic distribution of any population include: age, sex, educational attainment urban-rural distribution e.t.c.
According to Todaro and Smith (2006), the world population was estimated to be about 6.1 billion and by the United Nation projections, it was placed at 9.2 billion by 2050 before reaching a maximum of 11billion by year 2200. It was asserted that over 90% of the projected population will be living in the developing world. These projections show a rapid population growth which call for a serious concern mainly in the developing nations.
Should the above projections be real, it will in no little way affect the following social-economics indices: levels of living, national and personal esteem and freedom of choice which are significant in realizing optimum manpower utilization and consequently economic development.
THEORETICAL FRAME WORK
There are two major theories on population. These theories include: the Malthus Thomas Robert theory and the Demographic Transition theory.
The Malthusaian theory postulated that population had a natural growth rate described by geometric progression whereas the natural resources necessary to support the population grew at a rate similar to
References: Anyanwu J.C., Oyewusi A., Oaikhenan H., and Dimowo F.A. (1997), The Structure of The Nigerian Economy (1960-1997), Joanee Educational Publishers Ltd, Onitsha, Anambra. Fajana, S. (2000), Functioning of the Nigerian Labour Market, Labofin and Company, Lagos. Ojo, F. (1997), Human Resource Management: Theory and Practice, Allied Emant Company, Lagos. Todaro, P.M. and Smith, S.C (2006), Economic Development, Pearson Education Limited, England.