Comparing Welfare in 13 Countries

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.

Six Facts: The Impact of Capitalism

With the political debate gravitating toward socialism and capitalism, today we take a look at six facts that tell us about capitalism in four countries.

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…

Presidential Pay and the GDP

 The Economist decided it would be interesting to know how a political leader’s pay compares to what a typical citizen from that country earns. Here are some of the numbers with salary first and then the multiple of per capita…

The World’s Biggest Economies

The Chinese leader Deng Xiaoping said, “It doesn’t matter what color a cat is as long as it catches mice.” Explained in the Teaching Company’s “Why Economies Rise or Fall,” Deng cared about results more than economic ideology as he…