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CHAPTER 36 Economic Growth in Developing and Transitional Economies
Thomas Malthus, England’s first professor of political economy,
expressed his fears about:
Excessive industrialization leading to worker exploitation.
b. Geometric growth in population but diminishing marginal
productivity of the land.
The limitations that population growth imposes on saving and
The inability of societies to improve human capital through
nutrition and formal education when population grows too rapidly.
© 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster
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