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Project Syndicate: A growing population no longer has any economic benefit

LONDON (Project Syndicate) — Every two years, the United Nations issues its latest estimate of future population trends. Its 2019 projection reveals a stark divide. Across all of Asia, Europe, and the Americas, population stability has already been achieved or soon will be, with the median projection suggesting an increase from 6.4 billion today to 6.5 billion in 2100, a rise of just 2%.

By contrast, the U.N. projects that Africa’s population will soar from 1.34 billion to 4.28 billion.

Beyond a few decades, population trends depend crucially on forecasts of future fertility rates, which are inherently uncertain. But across all of the world’s developed economies, the current fertility pattern has held for so long that it seems likely to remain a stable feature of human society.

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