Socio-Economic implications of deomographic dynamics

“The production of wealth is but a means to the sustenance of man; to the satisfaction of his wants; and to the development of his activities, physical, mental and moral. But man himself is the chief means of the production of that wealth of which he is the ultimate aim”, so wrote Alfred Marshall, one of the founders of modern economics. This quotation aptly points to the existence of inseparable linkages between demographic dynamics and socio-economic conditions. The aspects of demographic dynamics that are particularly relevant from this perspective are the size and the rate of growth of population, its age composition and its spatial distribution. However, the analysis of socioeconomic implications of demographic dynamics is inevitably fraught with many complexities.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities