The Main Driving Factors of Optimal Global Population

With the global population surpassing 8 billion, defining the optimal population size has never been more critical or complex. Carrying capacity and optimal population theory is crucial in understanding the relationship between population size and available resources. As illustrated in ecological economics, the theoretical concept of carrying capacity is that there is a maximum population size that the environment can sustain without degradation forever. On the other hand, optimum population theory posits that an optimum population size maximizes per capita income and welfare by striking a balance between the benefits of a larger workforce and market size against the costs of overpopulation. This article delves into the definition and influencing factors of the optimal global population, emphasizing the key roles of economic stability, resource allocation, and social welfare in defining the optimal population through multidimensional analysis of labor dynamics, population changes, technological development, and social security systems in China and India. At the same time, this article points out the limitations of existing research and proposes suggestions for future research and policy-making.

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Publication Details

Journal
Advances in Economics and Management Research
Published
2024-10-26
DOI
https://doi.org/10.56028/aemr.12.1.271.2024
Primary Topic
Economic Growth and Productivity
Type
article
Field-Weighted Citation Impact
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article

The Main Driving Factors of Optimal Global Population

J. Tan
Advances in Economics and Management Research
Economic Growth and Productivity
article

The Main Driving Factors of Optimal Global Population

J. Tan
article en

Abstract

With the global population surpassing 8 billion, defining the optimal population size has never been more critical or complex. Carrying capacity and optimal population theory is crucial in understanding the relationship between population size and available resources. As illustrated in ecological economics, the theoretical concept of carrying capacity is that there is a maximum population size that the environment can sustain without degradation forever. On the other hand, optimum population theory posits that an optimum population size maximizes per capita income and welfare by striking a balance between the benefits of a larger workforce and market size against the costs of overpopulation. This article delves into the definition and influencing factors of the optimal global population, emphasizing the key roles of economic stability, resource allocation, and social welfare in defining the optimal population through multidimensional analysis of labor dynamics, population changes, technological development, and social security systems in China and India. At the same time, this article points out the limitations of existing research and proposes suggestions for future research and policy-making.

Advances in Economics and Management ResearchVol. 12(1)
American International College (US)
Decent work and economic growth
Openalex Percentile: Top 70%
Economic Growth and Productivity
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