Population Growth and Economic Development

Paper Summary:

This paper points out that, while economic growth is an objective of every country and that each country tries to achieve this growth by growing their own gross domestic product (GDP), growth of GDP does not guarantee that all of the citizens of the country will benefit and, in fact, some will suffer adversely. Appended to the paper is a global table of GDPs for the years 2000 to 2003.

From the Paper:

"The world has gradually and consistently become more of a 'have / have not' scenario as new welfare states emerge in the midst of new emerging economies, new technological expansion opportunities and all new approaches to economic distribution. "The period of modern economic growth gave rise to a phenomenon never before experienced in human history, namely, a sustained, positive rate of growth in real per capita income. Moreover, although income distribution remains unequal to varying degrees in both low- and high-income countries, this income growth was enjoyed by all segments of the societies that experienced it." (Antle, 1999) The problem for these countries and economic blocks such as the European Union is that economic indicators do not always take into consideration the true tie between a population's well being and the economic wealth in the sense of the nation's coffers."

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