Two billion people in the world currently suffer from malnutrition and according to some estimates, we need 60% more food to feed the global population by 2050. The relationship between population growth and economic development has been a recurrent theme in economic analysis since at least 1798 when Thomas Malthus famously argued that population growth would depress living standards in the long run. © 2020 Forbes Media LLC. Respect for all wildlife and nature.   As its people get richer, they will consume more. It is expected to keep growing, and estimates have put the total population at 8.6 billion by mid-2030, 9.8 billion by mid-2050 and 11.2 billion by 2100. Opinions expressed by Forbes Contributors are their own. But today, the swell in marriage and birth rates is held to be the main reason for unprecedented growth in population. Americans have been brainwashed into believing that all growth, unless it pertains to cancer, is unquestionably a good thing. Manpower: One of the benefits of a surging population growth means that the country can conscript more people into its armed forces and should be in a better position to protect itself. Hence each new generation is richer than the previous generation. The views expressed herein are solely those of the author and do…. For the next 200 years, growth slowed almost to a halt. “Japan has the world’s oldest population, as well as a low birth rate and little immigration, but its growth problems go far deeper,” noted a recent analysis by Bloomberg. One benefit associated with an increase in population is the growth of human workforce. No factory farming for the masses or other elements of pollution ever again. Pretend you are a business person. I’m an economist at Moody's Analytics, where I cover labor markets and other aspects of the U.S. economy. Complete eco human bio technological homogeneity. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation with Forbes Insights. This often comes at a cost to prime agricultural land, ecosystem services and biodiversity, which all contribute to food production and climate resilience. I’m an economist at Moody's Analytics, where I cover labor markets and other aspects of the U.S. economy. Due to various... 3. now-a-days the growth of population results in the useof more resources which results in the loss of these resources. Natural ecological regulation was suspended when man made technological advances. At the time that he made his prediction, the world's population was only at 800 million, but now, it's over 7 billion. Yes, a growing population means greater demand, but it also means greater supply. As a result, this has helped save the lives of many people. Filipinos are very proficient in English. Social justice and women’s equality is the best contraception. Better health care leads to a decline in the death rate: So is that why population growth is good? So if you are a lawyer, and you care about the relative scarcity of lawyers then it doesn’t really matter if the overall population is growing. Two general schools of thought surround the perceived effects of population growth. Explanation: In some countries the lack of education for females is enforced due to old traditions or fear of educated women. Allowing the population to grow helps correct this imbalance. One possible explanation is that in a growing market, you compete with incumbent businesses for new customers whereas in a shrinking market you compete for incumbent businesses for their existing customers. Yes, a growing population means greater demand, but it also means greater supply. I think most would say theyp prefer a growing place. One of the country’s strengths that helped drive the … If human population keeps increasing, more people can be born. There might be a fight for food, water, space, clothing and some other things. This is why rapid population growth is good for Africa, since fast growth is taking place for fundamentally different reasons, compared to the past; it is because people now live longer—not because they have more children. The rise in the Birth Rate But it could actually be a good thing. Environmental Problems: Globally, the rate of urban land growth far outpaces population growth. For the economy, a slower increase in the population raises concerns about American competitiveness. The views expressed herein are solely those of the author and do not represent the views of my employer, Moody’s Analytics, its parent company (Moody’s Corporation) or its affiliates. This process is made more rapid by a free society. 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