Category: Trends: Economic
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Global Inequality in Decline
This chart comes from Timothy Taylor's post, The Shifting World Distribution of Income. One notable thing I saw was that median annual income (measured in purchasing power parity dollars) doubled from 2003 to 2013. This chart suggests it will double again within about 20 years. Of course, the most obvious change is the collapse of…
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World Bank: Extreme poverty ‘to fall below 10%’
BBC: World Bank: Extreme poverty 'to fall below 10%' The World Bank has said that for the first time less than 10% of the world's population will be living in extreme poverty by the end of 2015. The bank said it was using a new income figure of $1.90 per day to define extreme poverty,…
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How GDP shares have shifted across the world since 1000 AD
Business Insider: How GDP shares have shifted across the world since 1000 AD Interesting graph.
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Latin America’s middle class grows, but in some regions more than others
Pew Research: Latin America’s middle class grows, but in some regions more than others Three interesting graphs:
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Trends in Extreme Poverty (Spoiler: The Poor Are Not Getting Poorer)
Globally, the number of people living in extreme poverty ($1.25 a day) is shrinking. The global poor are not getting poorer. The world population grew from 4.5 billion people in 1981 to 6.9 billion in 2010 – a 60% increase. The percentage of people living in extreme poverty in developing nations dropped from over 50%…
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GDP Decoupling from Energy and Resource Use
Harvard Business Review: Stuff: When Less Is More One of the most persistent economic misconceptions I see is the presumed fixed relationship between a unit of GDP and the energy/resources consumed in the process. This false relationship is projected into the future to show that growth is leading to total collapse in the near future.…