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Growth or population explosion?
Economical 09/18/2023
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Mr. Dr. Mustafa Kamel Rashid
The population in any country is the nucleus and goal of production. Through them, policies and strategies are achieved, and through them goals are achieved. The important question is: Is the population an economic resource or an economic constraint?
Here, points of view differed. There is an opinion that says: The increase in population is an economic scourge and leads to the depletion of the natural and financial resources available in the economy, which leads to a high probability of famine, misery, poverty, lack of social harmony, and economic deterioration in the long term. This is the case with most developing countries with relatively limited capabilities.
While the other opinion states that the increase in population is a blessing from an economic standpoint, as it can be invested in the production process by replacing the labor force with other relatively rare production elements in the economy. As China did, for example.
This leads us to develop the element of knowledge among the population in order to produce generations that know how to plan and build, as the population increase in Iraq during the past two decades has been very high, even explosive, but without investment, which has caused a rise in unemployment among the youth, as most These age groups are not qualified or trained to be absorbed into the labor market.
Decision makers should take advantage of what is known as the demographic gift, as the population is witnessing a steady growth in the youth group in Iraq, and it is more economical to employ this increase in rehabilitating productive institutions and the work environment through government programs aimed at developing this workforce so that it becomes adapted to the needs of the labor market.
This leads to increased productivity and improved levels of wages, income and output, thus improving the economic and social situation and livelihoods, and reducing the phenomenon of multidimensional poverty.
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