Monday, October 31, 2011
7 Billion and Counting: Should the world adopt a 'one-child' policy?
As this Yahoo! News article states, "the world population has hit a whopping 7 billion, and researchers suggest it could reach 10 billion within the next century." When the everyday person hears of this, one would probably tend to believe our world to be vastly expanding and that it is a great thing. On the other hand, economists may think quite differently of this widespread opinion. Why though? As leading indicators show, the latest GDP growth rate has risen, slowly but surely. It's quite possible, though, that with the larger the population becomes, the more money the U.S. will need to keep the economy in somewhat good hands. This could be foreshadowing a difficult contraction in the growing economy. A future policy discussed in the article, as known to be the 'one-child per family' policy, which I believe to be immensely controversial, says could balance out the growing economy and avoid future repeats of the Great Depression.