Thursday, December 14, 2017

The advantage of a large and growing Population



The population of the country should not be viewed as negative to growth as we read and hear among experts in the fields and in concern with the depopulation activists all around the world.

Our government has been also an advocate for promoting contraception, birth control and other methods for birth control. 

While we are now at this stage of population rate, there are things of positive contribution of population in relation to economic growth, that with human resources, there is always productivity in every capita. Of course we should bring along food security as inherent to population rates by using the same population to secure agriculture and food supply. We should utilize our resources for manufacturing that is where the trade of economic growth as reckoned.

Manufacturing experts see a varieity of areas as important for low-cost manufacturing competitiveness: young populations, low labor costs, a supportive policy environment, good quality infrastructure, availability of engineers, a minimum level of education for all workers, economic growth and a large internal consumer market.

"Thanks to Governor Amando Tetangco of the Central Bank, the man in the street has now been enlightened about a phrase that used to be limited to specialists in demographics and economic development. Referring to a “sweet spot” that the Philippine population is entering in the next 10 to 20 years, he expressed optimism about the prospects of higher growth for the Philippine economy because of the advantages of a young population both from the standpoints of abundant manpower supply and a large domestic market for goods and services. This sweet spot is made possible by what demographers call the demographic dividend, which is the benefit conferred on a country by a young labor force that is still growing faster than the retired force and the dependent children (those below 15 years of age)." -inquirer

The working factor for investors is about finding the young population of a country, and because the Philippines has this qualities , we earned the choice of becoming the destinations of businesses who desires the factor of advantage for their investments.

THE ADVANTAGES OF A GROWING POPULATION

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