Concept

Demographic transition

Summary
In demography, demographic transition is a phenomenon and theory which refers to the historical shift from high birth rates and high death rates in societies with minimal technology, education (especially of women) and economic development, to low birth rates and low death rates in societies with advanced technology, education and economic development, as well as the stages between these two scenarios. In economic growth,the demographic transition has swept the world over the past two centuries,and the unprecedented population growth of the post-Malthusian period was reversed, reducing birth rates and population growth significantly in all regions of the world, and enabling economies to translate more of the gains of factor accumulation and technological progress into per capita income growth. The demographic transition strengthens economic growth process by three changes:(i)Reduced dilution of capital and land stock(ii)Increased investment in human capital.(iii) increased the size o
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