Answer to Question #233612 in Economics for teopolina

Question

Namibia’s small population of about 2.3 million is a curse rather than a blessing”. Use the

arguments of the neoclassical economic theory to discuss this statement. 

Answer 1

Neoclassical growth theory outlines the three factors necessary for a growing economy. These are labor, capital, and technology.

So, small labor force may be a problem for a country.