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Bringing population back into the conversation

The relationship between population growth and economic growth is of great interest both for demographers and for development economists. Thomas Robert Malthus, the English political economist who first raised concerns about world population two centuries ago, claimed that population growth has a negative effect on well-being. His theory was simple: given that there is a fixed quantity of land, population growth will eventually reduce the amount of resources that each individual can consume, because the increase of population will take place in a geometric progression, while food supply will increase arithmetically. At the time, he was misunderstood and heavily criticised by critics. What Malthus got wrong was his failure to anticipate the technological revolution technologies to use the land, water and other limited resources more efficiently that would raise agricultural productivity to meet the need of the increased population. However, today many believe that Malthus will be ....

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Key socioeconomic issues we must address to reduce poverty

Poverty is a multifaceted economic phenomenon. Although dealing with the causes of poverty in Bangladesh is complex, the country has nonetheless shown impressive improvements and resilience over the years. Before the coronavirus crisis, the number of extreme poor people was falling gradually. According to Bangladesh Bureau of Statistics (BBS) data, the poverty rate came down to around 20 percent in 2019 from 56.6 percent in 1990. The rate was around 75 percent in 1971. But now the picture is changing due to Covid-19, the number of jobless people has increased drastically and income has fallen significantly in recent times. In an August 2020 report, the BBS revealed that between July 2019 and June 2020, the national poverty rate rose by 9 percent (from 20.5 percent to 29.5 percent). The South Asian Network on Economic Modeling (SANEM) forecasted that the rate would increase to 40.9 percent. Meanwhile, Bangladesh Institute of Development Studies (BIDS) projected that Covid-19 could ....

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