Wednesday, 6 March 2013

The Argument that Economic Growth Requires Population Increase

More people, more economic activities, higher economic growth? via TRS


The Population White Paper generates much debate and opinions about the links between economic growth and population.

These 4 are Vice Presidents of the Economic Society of Singapore. "The debate on the Population White Paper has surfaced a number of myths and fallacies that seem to dominate the current discussion on Singapore's population policies."..."Myth #3: Denser, larger populations create significant economic benefits for cities."..."Economics is not, and should not be, the only lens through which we examine, analyse and debate our country’s population policies."


I think whether economy grows in tandem with population growth depends on the quality of the population. Add an entrepreneur to the population and new economic activities are generated. Add a low skilled foreign worker to the population and no new economic activity is generated.

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