Although the per capita GDP gap between two countries could appear large, the difference shrinks when you bring welfare into your calculations.
A Little-Known Downside of Economic Growth
Per capita economic growth has a little-known connection to the world’s hundreds of endangered languages that could become extinct.
Why the World Economy is Growing More Slowly
In most of the world’s advanced economies, there are gains in certain areas and lagging regions elsewhere that create a disparity and less economic growth.
Winning the World Cup
In many ways, a country can become good at football (soccer) and nurture a World Cup winner but it also could get snagged by the “middle income trap.”
How Affluence Relates to Pollution
China’s first three five-year plans had no mention of the environment. Then in plans five through nine, there was more. And now, looking at plans 11 to 13, we would see that 5% of all words relate to ecology, energy or the environment. Where are…