Population growth and overconsumption require innovative solutions
By Haerin Lee and Leslie Stoeckle | Sep. 29, 2014As our world has entered into the 21st century, the issue of global birth rates are prevalent in both developed and developing nations. According to the demographic transition model, as a nation becomes more industrialized and economically advanced, its birth rate will decline due to the rising costs of living standards and urban living space that discourages making a large family. In one way, the low birth rate could be perceived as a good omen since it shows how advanced and developed the nation has become. The problem rises when couples start to not reproduce enough to replace the previous generation, providing countries with a lack of workforce to sustain their economic legacies. I personally believe we should be concerned about this issue, but should not fear the worst.
