Economic development of a country depends upon various factors such as its natural resources, capital goods and human resources. Human resources are of fundamental importance because without them, the natural resources of a country cannot be utilized reticently.
Population Growth Economic Development in Pakistan
Economic development of a country depends upon various factors such as its natural resources, capital goods and human resources. Human resources are of fundamental importance because without them, the natural resources of a country cannot be utilized reticently. Population plays a double role in the process of economic development in the third world countries. On one hand, it provides labor force for economic development; while on the other hand, it is a burden on natural resources and hampers economic growth.
The population of Pakistan was 32.5 million in the former West Pakistan in 1972, 65.3 million in June 2004. Pakistan is one of those forty developing countries of the world whose population growth is 1.90% every year. It is the 9th most populous country in the world. The growth rate of the population is a focal point in the economic development of a country. In the early 20th century, the growth rate of the population in Pakistan was only 0.86%. It kept on going up with the passage of time.
It was 1.10% in 1972 and 3% in June 2004. The growing population creates economics and social problem such as housing, education, health transport water scarcity and urbanization. It reduces per capital income because when national income is divided by a big population, it results in a decline in per capital income. A greater percentage of scarce resources is diverted to meet the basic consumption needs of masses.
Therefore little capital is saved for investment and hence no investment can be made. This creates the problem of un-employment and under employment which in turn leads to a fall in national income.
There are two conflict opinions among the economists. Some economists suggest that population is a natural resource and it should be allowed to grow for economic development while others oppose this view and regard rapid growth of population a big obstacle to economic development.
Keeping in view all these constraints we need to focus on the resources available in the country and device strategies to utilize them effectively so that everyone becomes productive. We need to improve our labor efficiency to increase production and per capital income.
Also, the government should adopt positive population control policies along with basic needs activities for development. This comprises of natural reduction of birth rate and adoption of basic need activities approach for development in a simple and feasible way.
It is the only way by which population growth rate could be reduced and provision of basic needs can be guaranteed and through this way we can increase our economy and make our nation one of the greatest nations of the world.