POPULATION GROWTH

POPULATION GROWTH Economics and other social scientists have long debated how population growth affects a society. The most direct effect is on the size of the labor force: A large population means more workers to produce goods and services. At the same time, it means...

RESEARCH AND DEVELOPMENT

RESEARCH AND DEVELOPMENT The primary reason that living standards are higher today than they were a century ago is that technological knowledge has advanced. The telephone, the transistor. the computer, and the internal combustion engine are among the thousands of...

FREE TRADE

FREE TRADE. Some of the world’s poorest countries have tried to achieve more rapid economic growth’ by pursuing inward-oriented policies. These policies attempt to increase productivity and living standards within the country by avoiding traction with the...

Promoting Human Capital

Promoting Human Capital Human capital is a key to economic growth. With this in mind, some developing countries now give parents an immediate financial incentive to keep their children in...

PROPERLY RIGHTS AND POLITICAl STABILITY

PROPERLY RIGHTS AND POLITICAl STABILITY Another way policymakers can foster economic growth is by protecting property rights and promoting political stability. This issue goes to the very heart of how market economies work Production in market economies arises from...

HEALTH AND NUTRITION

HEALTH AND NUTRITION Although the term human capital usually refers to education, it can also be used to describe another type of investment in people: expenditures that lead to a healthier population. Other things equal workers are more productive. Making the right...