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Introduction
World population has followed as S-shaped
pattern of growth overtime. In antiquity, the
rate of population growth was very slow.
Birth and death rates were both very high.
As death rates fell with the development of
modern medicine, population growth
accelerated in the eighteenth and nineteenth
centuries and continued into the twentieth
and now, twenty-first century.
In Asia, population growth rates were among the
highest in the world during the period since World
War II. Between 1950 and 1990, the total population
of Asia (18 countries) increased by 125 percent,
compared with only 112% growth for the world
population (Sanderson and Tan, 1995,p.4).
Population is always a subject of interest to analysts
of economic growth. In the early days, many
economists, led by Thomas Malthus (1798), warned
of the gloomy consequences of an ever increasing
population. These include hunger, famine, and
poverty as population growth consumed any addition
in income and wealth.
Birth and Death Rates
The Costs :
Indirect or opportunity costs is measured
in terms of the time, effort and resources
foregone in the process of bringing up
children. Most commonly, this includes
income given up by a parent who stays
home to look after the child.
The Benefits:
In developing countries, children begin
to assist in a range of farm and household
production activities at a very early age.
Another important reason for the high
demand for children in developing
countries is that they are considered the
principal providers of old-age security for
the parents.