Dubious Op-Ed in NY Times on Population and Economic Growth

November 12, 2014 • Daily Email Recap

A Strategy for Rich Countries: Absorb More Immigrants 

See original/source content: http://www.nytimes.com/2014/11/09/upshot/a-strategy-for-rich-countries-absorb-more-immigrants.html
Economic debate since the financial crisis and Great Recession has often focused on issues like monetary policy, fiscal stimulus, unemployment and financial regulation. Yes, these are all important, but in the future we will need to pay much more attention to a relatively neglected field: population economics. It’s an area that will prove central to understanding whether nations will grow richer – or will stagnate and lose global importance.

 

How much has this field been neglected? Consider that perhaps the biggest economic news of the year has gone largely unanalyzed. In an article published recently by the journal Science, Patrick Gerland, a United Nations researcher, along with co-authors, developed a radical revision of global population projections. They argued that, contrary to previous estimates, global population was unlikely to peak anytime soon.

 

To the contrary, they see an 80 percent probability that the world’s population, now 7.2 billion, will rise to as much as 12.3 billion by 2100. One reason, they say, is that a decline of Africa’s fertility rate is proceeding at a slower pace than had been expected.

See original/source content: http://www.nytimes.com/2014/11/09/upshot/a-strategy-for-rich-countries-absorb-more-immigrants.html


Current World Population

7,698,908,808

Net Growth During Your Visit

0

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