POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different
Premium Economics Investment Capital accumulation
Population” claimed that there is a tendency for the population growth rate to surpass the production growth rate because population increases at a geometrical rate while production increases at an arithmetic rate. Thus‚ the unfettered population growth in a country could plunge it into acute poverty. However‚ the pessimist view has proven unfounded for developed economies in that they managed to achieve a high level of economic growth and thus‚ both population and the real gross domestic product (GDP)
Premium Population growth Economics Population
Stages of growth and development Even though many theories exist regarding the stages of child growth and development‚ one of the most respected and influential theories has been that of 20th century psychologist Erik Erikson. Focusing primarily on the psychosocial aspects of development‚ Erikson developed a comprehensive theory that outlines change and growth throughout the entire human life span. His theory identifies five stages of development during childhood‚ as well as three stages of development
Premium Developmental psychology Childhood Child development
about the relation between economic growth and financial development. First‚ financial development has impact on economic growth (i.e. Bagehot‚ 1873; Schumpeter‚ 1912; McKinnon‚ 1973; Shaw‚ 1973; Patrick‚ 1966; Goldsmith‚ 1969; Fry‚ 1973). Second‚ economic growth leads to financial development and that where there is economic growth financial development follows (i.e. Robinson‚ 1952). The third view‚ however‚ contends that both financial development and economic growth Granger cause one another. In the
Premium Economics Economic growth Financial services
http://www.fe-bd.com/index.php?ref=MjBfMDZfMTFfMTNfMV8yN18xNzI0OTk= Economic growth and economic development Like the infrastructure development‚ improvement of legal mechanism Can now be regarded as the most important precondition for sustainable Growth‚ a stronger economy‚ and pro-people system of governance‚ Writes M S Siddiqui Economic development generally refers to sustained and concerted actions‚ taken by the policy-makers and communities
Premium Law Economics Governance
Introduction Growth is a dominant biological activity during the first two decades or so of human life‚ including nine months of prenatal life. It is a basic characteristic of all living organisms. The integrated nature of growth and maturation is largely maintained by constant interaction of genes‚ nutrients‚ hormones‚ and other factors. Healthy growth and development in early years life have a profound effect on health across the life span.(1) The first 1000 days of life are considered as the
Premium Management Employment Strategic management
Each stage of life is filled with unique areas of growth and development. It can be seen in the prenatal stage with the transformation from egg to fetus‚ and in the adolescent stage from child to teenager. No stage sees quite as much physical and cognitive development at such a fast pace‚ however‚ as infancy. The first two years of life are a time of extensive growth for infants as they experience rapid physical growth‚ development of motors skills‚ and sensory and perception skills. There are
Premium Developmental psychology Psychology Child development
rates of economic growth as well as transforming their economy into an industrial economy. In the last few decades‚ the world’s most populous nation has liberalised its economy and gone from producing low-quality and simple exports to sophisticated high-technology goods while attracting nearly $500 Billion in foreign direct investment (FDI). The Chinese government also implemented many strategies to do this and it has resulted in China overtaking the United States as the world’s growth engine. The emergence
Premium Economy Investment
Human Growth and Development Name: Institution Affiliation: Human Growth and Development Introduction According to Jean Piaget’s theory of Cognitive Development children’s cognitive development formal operations is established at the cognitive development stage of about age 12 to 15 years. This is reflected in the child’s ability to reason adolescence hypothetically and independently on concrete states of affairs‚ with the structures represented by the logical combination systems. The rates
Premium Theory of cognitive development Jean Piaget
China’s Economic Growth and Development China is presently the world’s largest economy in relation to its population of 1.3 billion. The country is currently a socialist economy ruled by a Communist Government‚ with significant structural changes impacting its economy as a result of the high rate of growth over the past decades. Its economy is in the transition phase‚ moving from being a centrally planned economy to a system based more on the market. A socialist or market economy can be defined
Premium People's Republic of China Economic growth Planned economy