Part 1: Overpopulation: Causes, Effects and Opportunities
For three decades, the world celebrates the World Population Day on the 11th of July. This celebration aims to turn the world’s attention on the importance of population issues. According to a 2017 UN report, current world population of 7.6 billion is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and 11.2 billion in 2100.
Despite widely held assumptions that fertility is on the decline, roughly 83 million people are being added to the world’s population every year. There are many challenges related to the environment that dominate the public domain such as climate change, consumption, food security, water shortages and pollution. As a result, attention on overpopulation often get neglected. A few highlights from the Population Reference Bureau (PRB) mid-century population projections in the 2018 World Population Data Sheet state:
- The population of 26 countries, nearly all in Africa, will at least double. Niger in West Africa will see its population nearly triple.
- A total of 38 countries will have smaller populations in 2050 than in 2018. China will register the largest numerical population decrease― about 50 million― followed by Japan at 25 million and Russia at 9.4 million. Romania will see the largest percentage decline in population (23%).
- The population of the United States will reach 390 million, up from 328 million in 2018.
- China’s population will decrease by about 50 million from its current size to 1.34 billion. India will supplant China as the world’s most populous country with 1.68 billion people.
- Nigeria will become the third most populous country as its population rises to 411 million, up 109% from 2018. Nigeria is currently the seventh most populous country.
Although the challenges vary in different economies, without action, a bloating world population will cause a shortfall in economic opportunity creation. Today, social entrepreneurship is growing rapidly in size. And at the heart of all the imminent challenges the world will inevitably face, entrepreneurs have a big task to fill to fuel growth. Below are three key considerations that entrepreneurs need to factor in to
- Different consumer segments require different approaches. To counter balance the impact of population growth, social entrepreneurs need to make poverty alleviation and societal development, whether in a non-profit or business setting their end goal.
- Social entrepreneurs and their business activities must strive toward a greater achievement of systemic and sustainable social change.
- Perhaps through the invention of a new product or technology, or through adaptation of existing methods, entrepreneurs will be required to make aspects of their business products and services more affordable to those who require them.
Last but not least, to learn more about the topic, you can read the original article here.
Part 2: Overpopulation: Leveraging Entrepreneurs’ Greatest Asset
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