calculated by dividing the total number of people by the area they are living. The land area of the country is only.4 of the total land area of the world. Another reason is the growing birth rate especially in the poor and developing countries. Several species of animals and birds have been impacted due to this. Moreover, there will more global problems than we have. Determinants of Economic Development. It is all being done to accommodate the growing population. In short, resources go to the formation of population not capital. The population of the world keeps growing. Moreover, domestic resources alone cannot meet the entire requirement of resources necessary for economic development.
Therefore, they must take proper steps, viz., introduction of compulsory deposit schemes, curtailing the conspicuous consumption, putting curbs on imports of consumption goods, inflow of foreign capital etc. The government must also take this matter seriously and put proper rules and policies in place to ensure population control. Being a technologically backward country, India has decided to permit foreign direct investment in order to imbibe advanced technology for attaining international competitiveness under the present world trade and industrial scenario. (iv) Vicious Circle of Poverty: Vicious circle of poverty is considered as one of the major constraints or obstacles to the path of economic development of the underdeveloped countries. In India today, 30 babies are born every minute, 55,000 babies are born every day and about snowmobile research paper 13 million babies are born every year as per 2001 census. The population of developing countries has more than doubled in 35 years, increasing from.7 billion in 1950.1 billion in 1990. And West Germany have achieved a rapid development through the adoption of economic planning.
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