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Advantages Of The Malthusian Trap

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Great Britain is currently one of the main economic potencies in the world and this is also due to the fact that they were one of the first countries in the world to take advantage of a modern economic growth method, which led to them having a competitive advantage in comparison to the other countries. Approximately 200 years ago countries were facing a state of economic stagnation denominated of Malthusian Trap, which basically meant that as the country increased the output it would also increase the population thus maintaining the product per capita. We chose to do this essay on Great Britain, as it is one of the best and most documented examples on a country, which was able to resourcefully get out of this trap and thrive by guiding its …show more content…

The Malthusian Trap happens because the Population Growth rate is higher than the Technology one, so it was necessary to have a “huge boost” in technology for the country to get out of the trap, and this “huge boost” was the Industrial Revolution. There are many explanations for this burst in efficiency, some economic and some political, but none is fully satisfactory. Also, some other occurrences besides the industrial and agricultural revolutions led to the escape from this trap, such as the emigration to the Western Hemisphere, a big flow of cheap food from America, major advances in public health and a decrease in fertility rates, which led to a higher investment in education. Some historians even considered the thesis that stated that the population might have evolved greater resistance to …show more content…

Their workforces and population easily absorbed the impact of the new technologies that showed up in England.

What made England different than the other countries?
Around 1800, some parts of Europe were able to get into a process of continuous growth and break the inevitable connection between population growth and the income of that same population. Great Britain was no exception and between 1770 and 1860 British population trebled but the productivity of British agriculture and industry increased at a significantly higher rate due to the industrial revolution. That made Great Britain special, because the growth didn't generate a decline in income, which happened to most of the countries. Britain was the first country where this dissociation was first verified.
It's hard to explain this economic growth and there is no universally accepted theory, and some explanations are controversial. Yet, there are some experts that have some explanations for what happened and why Great Britain was the location for this to occur. According to Gregory Clark, modern economic growth is explained by the institutions and social habits developed during the period of the Malthusian

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