ECONOMIC GROWTH
'’Baby booms* < advocated (N.Z.P.A.-Reuter —Copyright) | SAN FRANCISCO. Two decades of research have convinced an Australian' economist that baby booms: lead to economic booms. “A growing population has; more men of producing age and comparatively few pensioners,” Mr Colin Clark said in a speech in San Francisco. “It generates savings for investment and creates markets big enough to be efficient.” For example, he said his research on India indicated that “it would slow down economic growth dramtically if the government’s birth, control efforts becamei successful. “The developing countries all have high rates of popu-i lation increase,” the economist said. “Those with; the highest population growth rates have the highest rates; of growth of income per head.” He said it took 20 years' of research to change his opinion in favour of popular tion growth as a necessary; i factor for economic growth.
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Press, Volume CXIV, Issue 33446, 30 January 1974, Page 23
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143ECONOMIC GROWTH Press, Volume CXIV, Issue 33446, 30 January 1974, Page 23
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