One can wonder why most of the current emerging markets have large population densities; todays emerging market accounts for nearly 48% of the world’s population. Arguments of whether population growth contributes to economic development are divided in opinions. Malthus who was a pessimist was of the view that population growth if unchecked will surpass the ability to produce enough to sustain itself thus causing hunger disease and poverty. However optimists like Michael Kremer was to the view that population growth spurs technological change and thus as population grow output also grow. Both modern and classical theorists are divided on the effect of population on economic growth. This research actually was focus on investigating the conditional factors that could possibly promote growth in an economy with a high population density. In our research we found out that population can actually be a major driver of knowledge, technology and innovations; because investors with new knowledge, technology and innovations are seeking for large markets. But however we also noted that to drive growth governments need to be a key character; the role government’s play is very important when it comes to using population density as a driver of growth. Out adoption of the Unicists ontology; brings a new perspective in the study of economic growth. The unicist ideology makes us understand that to reach and industrialization level will require an accumulation of knowledge and the population density plays a vital role when it comes to accumulation of knowledge.
|Uddannelser||Virksomhedsstudier, (Bachelor/kandidatuddannelse) Kandidat|
|Udgivelsesdato||23 nov. 2012|
- Population Density
- Economic Growth