Population growth can have several effects on the economic expansion and
performance of a country. China, with 1.32 billion people, and India, with 1.1 billion
people, together are home to almost two and a half billion people on a planet with almost
six and a half billion inhabitants.2
Though they each enjoy the same factor endowment,
namely a large labour force, several key economic factors have contributed to how the
Chinese and Indian populations have grown and what differing effects that growth has had
on their developing economies. This article will concentrate on some of the important
differences in the population growth of these two Asian states and how they might explain
the variation between their economic development and performance. While a brief article
will not entail all economic measures and factors linking population and economic
performance, this article will touch upon links between the following: per capita income,
fertility rates, technological advancement, education, population control policy, and
government intervention.
Much of the original foundation for studying the economic effects of population
growth stem from the writings of Thomas R. Malthus (1766-1834). The Malthusian model
highlights two main ideas. “The first is the existence of some factor of production, such as
land, which is in fixed supply, implying decreasing returns to scale for all other factors.
The second is a positive effect of the standard of living on the growth rate of
Population growth can have several effects on the economic expansion andperformance of a country. China, with 1.32 billion people, and India, with 1.1 billionpeople, together are home to almost two and a half billion people on a planet with almostsix and a half billion inhabitants.2Though they each enjoy the same factor endowment,namely a large labour force, several key economic factors have contributed to how theChinese and Indian populations have grown and what differing effects that growth has hadon their developing economies. This article will concentrate on some of the importantdifferences in the population growth of these two Asian states and how they might explainthe variation between their economic development and performance. While a brief articlewill not entail all economic measures and factors linking population and economicperformance, this article will touch upon links between the following: per capita income,fertility rates, technological advancement, education, population control policy, andgovernment intervention.Much of the original foundation for studying the economic effects of populationgrowth stem from the writings of Thomas R. Malthus (1766-1834). The Malthusian modelhighlights two main ideas. “The first is the existence of some factor of production, such asland, which is in fixed supply, implying decreasing returns to scale for all other factors.The second is a positive effect of the standard of living on the growth rate of
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