By Marcus Roberts
The economist Ettore Gotti Tedeschi, president of the Vatican’s Institute for the Works of Religion and professor of Financial Ethics at the Catholic University, is refusing to buy into the idea that population growth is a threat. Instead, he sees it as the driver of economic growth.
In an interview given in Vatican City, Tedeschi stated that demography “is a key factor in economic growth and geopolitical balance.” The world is split into two. On one hand, the developed countries which have not grown in population since the 1980s, which continue to consume but are producing less and are seeing their GDP consumer debt growing. On the other hand there is the developing world which is made up of countries who are large producers but generally “eat poorly”. According to Tedeschi:
“[t]he countries with the highest rates of economic growth and savings are those with the highest populations”.
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