In today’s troubled global economy, an annual Gross Domestic Product (GDP) growth rate of 2% would seem pretty good, considering. That’s the latest projecting for Pakistan. But there’s a problem. Pakistan annual population growth rate exceeds 2%. As its economy struggles to moves forward, the nation as a whole is falling further behind. What with pervasive poverty, internal strife, and annual inflation soaring by more than 20%, we’re all too likely to see many more worrisome headlines about Pakistan in the months to come.
Few of these stories will highlight the role played by rampant population growth. And it’s a rare economist who points out that smaller family make it easier to insure quality health care and education. In turn, this can lead to higher per capita GDP in a less-crowded world. Sounds like a winning strategy all around.