Socio-Econo-Engineering: What is the Right Dose of Capitalism Regarding Fertility? Recommendations How to Use Capitalism for Population Control and How to Avert the Falling Rate of Fertility in Capitalist Territories
DOI:
https://doi.org/10.33423/jabe.v21i4.2135Keywords:
Artificial intelligence, Business freedom, Capitalism, Capitalism-Fertility Index, Economic Freedom Index, Ethics, Fiscal health, Foreign Direct Investment (FDI), Falling Rate of Fertility, Fertility, Gross Domestic Product (GDP), Government integrity, Index of Economic Freedom, Industrialization, Industrialization Intensity Index, Investment, Judicial effectiveness, Labor freedom, Monetary policy, Overpopulation, Property rights protection, Rural Access Index, Tariffs, Taxation, Trade, Under-reproduction, Urbanization, Business, EconomicsAbstract
Based on a 180 country strong worldwide data set and cross sectional correlation studies, this paper outlines that hallmark pillars of capitalism are all negatively associated with fertility rates. The 2017 Economic Freedom Index is significantly negatively correlated with fertility rates around the globe. Based on a 139 country strong worldwide dataset on industrialization as measured by the UNIDO in the Industrialization Intensity Index of 2014 and fertility rates, a highly significant negative relation is found between industrialization and fertility rates around the world. Urban areas around the world tend to have higher fertility rates and access to markets within rural communities lowers fertility rates measured by the World Bank Rural Access Index for 64 countries around the world. The inverse relation of economic freedom and fertility was also found for 50 U.S. states based on the 2017 Economic Freedom Index and fertility rates in the United States.
