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 rela…
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 firs…
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…