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CHAPTER 36 Economic Growth in Developing and Transitional Economies
Issues in Economic Development
Population Growth
The populations of the developing nations are
estimated to be growing at about 1.7 percent per
year.
Concern over world population growth is not new.
The Reverend Thomas Malthus (who became
England’s first professor of political economy)
expressed his fears about the population
increases he observed 200 years ago. Malthus
believed that populations grow geometrically at a
constant growth rate—thus the absolute size of the
increase each year gets larger and larger—but
that food supplies grow more slowly because of
the diminishing marginal productivity of land.
These two phenomena led Malthus to predict the
increasing impoverishment of the world’s people
unless population growth could be slowed.
© 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster
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