>The Malthusian trap is the putative lack of sustainability

File: Thomas_Robert_Malthus.jpg (240KB, 541x687px) Image search: [Google]

240KB, 541x687px

>The Malthusian trap is the putative lack of sustainability of improvements in a society's standard of living because of population growth. It is named for Thomas Robert Malthus, who suggested that while technological advances could increase a society's supply of resources, such as food, and thereby improve the standard of living, the resource abundance would enable population growth, which would eventually bring the per capita supply of resources back to its original level. Some economists contend that since the industrial revolution, mankind has broken out of the trap.[1][2]

>As of 2015, Nigeria is the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's largest economy in 2014.[13][14] The 2013 debt-to-GDP ratio was 11 percent.[15] Nigeria is considered to be an emerging market by the World Bank;[16] it has been identified as a regional power on the African continent,[17][18][19] a middle power in international affairs,[20][21][22][23] and has also been identified as an emerging global power.[24][25][26] Nigeria is a member of the MINT group of countries, which are widely seen as the globe's next "BRIC-like" economies. It is also listed among the "Next Eleven" economies set to become among the biggest in the world.