exports as some of the main determinants of economic growth in Kenya as a developing Country. 2.3.1 Labor A high population growth is a growing concern throughout the world and a challenge to Countries’ economies. Economists are torn between three theories; one that state’s that population growth helps a Nation’s economy by stimulating economic growth and development and another that bases its theory on Robert Malthus’ findings. Malthus (1798) stated that population increase is detrimental to a nation’s
2010-2012 is 842 million, 12% of the world’s population with a decrease of 17% since 1990-1992. One of the reasons of the decrease is due to economic growth which improves the food access for the population. Developing countries such as Sothern Asia and Sub Saharan Africa have the highest number of undernourished people due to insufficient food [1]. According to the Food and Agriculture Organization (FAO) the world is producing sufficient food for the whole population [2]. Approximately 1.7 billion people
Rapid population growth can make it difficult for countries to raise standards of living through economic growth because the more people there are, the greater the need for food, health care, education, houses, land, jobs, and energy. Singapore being one of them, is a well-developed country with a high population. Singapore population has grown tremendously over the years, despite its land area being so small. Singapore focus heavily on increasing the population growth by bringing workers from different
Solow Swan Growth Model Solow-Swan Growth Model is an economic model created by Robert Solow and Trevor Swan. This model is similar to Harrod-Domar model which includes other factors such as changes in labor, population and technological progress. According to this model, in order to increase economic growth rate, there must be an increase in capital and labor. However, this is only temporary since there’s a diminishing returns to labor and capital. When the capital per worker and output per worker
rate of economic growth. The difference between prosperity and poverty for a country would then depend on how fast it grows on the long run. Those policies are all activities that matter for the economic performance . The government are strongly and directly involved in the financing and provision of schooling at various levels. Hence, public policies in these areas have major effects on a country’s accumulation of human capital. This article reviews the role of education in promoting economic growth
Population Increase a Curse or Bless? (Globally) Outline: Population increase is a topic that researchers and economists discuss worldwide. How does it economically affect countries, government, and people are some of the sides that researchers analyzed it from. Scarce resources have been the main concern of how will people survive if this huge growth continues. How can we live and use the currently available resources tranquilly with an expectation of a doubling in population in the next 35 years
process where political, economic, social, cultural and technological fields integrate in the world, this leads to an improvement of global communication and unity between nations. In the past people of different cultures and countries were unable to communicate and have interaction with each other, but today everything has changed thanks to smartphone, instant messaging and the Internet, which all enable us to easily connect with each other. Around 45% of the world population has an internet connection
Today the worlds population is growing at 1.15% per year which is 80500000 people annually. Some of the most populated countries of today are India,China,Russia,Brazil and South Africa these countries are also known as the BRIC nations. Population growth does increase demand nevertheless it also volleys workforces with a lot of extra workers, this unfortunately pauperizes wages and increases poverty. It is impossible to see a correlation between population growth and development in 2 or 3 years,
environmental factors that affect business environment and come up with the first acronym ‘ETPS’ which meant the Economic, Technical, Political and social factors (Aguilar, 1967). Later Arnold Brown (1967) focused on the study and came up with a new perspective towards the study of social-technical, economic, political, and ecological (STEPE) factors. In 1980, Porter among other authors scanned the business environment and came up with the current acronym PESTEL meaning political, economic, social, technological
research on suicide rate was mostly focused on sociological and anthropological perspective. Economists began to notice this issue and started their research and analysis by the economic approach since Hamermesh and Soss’s (1974) article An Economic Theory of Suicide. They successfully examined the link between the economic variable and individual’s utility as well as suicide rates by regression analysis of time series and cross section, and also provided a theoretical framework for the future studies