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Posts by an_2812
Name: thanh an
Joined: May 28, 2023
Last Post: May 28, 2023
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From: Viet Nam
School: Foreign Trade University

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an_2812   
May 28, 2023
Writing Feedback / The impact of population growth on economic development [2]

the consequences of the rapid population growth



Due to its detrimental impacts on the process of the economy's expansion, the population growth of recent decades has caused a tremendous tsunami to sweep across many countries. The excess of labor and overexploitation appear to be two ways in which the negative effects of the population growth are manifested.

To begin with, the abrupt increase in the country's population results in layoffs of employees. It is widely acknowledged that employee quality, not quantity, determines a company's success. As a result, each recruiting has a set restriction. Because disqualified candidates tend to turn in inadequate work with themselves, it may be challenging to achieve the highest performance and dedication, which are essential for the efficient and productive outcome. This situation becomes even further terrible when unemployment rate is going up annually in some countries. The percentage of jobless people in Britain is approximately 29,12%, substantially more than it was in the last CNN report. This troubling data is predicted to get worse over the next years.

In addition, the growing population forces entrepreneurs to look for ways to extract more from the environment to satisfy consumer's demand. If this process lasts long, natural resources will be used up, with an eventual economic collapse as the result. According to The New York Times, about 1,200 hectares of forests has destroyed since the beginning of 2022 for the manufacture field. It is alarming statistics that raises business's consideration about "green industry" for the long-term development.

In conclusion, it is clear about the bad sides that comes along with the rapid increase in population. The proper understanding about the origins and consequences of this status is needed not only for employers and economists but also governments. Timely and appropriate strategies to deal with direct results and relevant problems will be the key for a sustainable and prosperous economy.
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