Has the Gap Between the Rich and the Poor Worldwide Grown Larger Over the Centuries?
According to the economic historian Angus Maddison, in 1820 the world's most advanced economy was about five times as rich as its poorest. By 1913, this ratio was perhaps 13 to one. By 1950, it had reached 33 to one. Today, the combination of continuing growth in the world's richest country, the US, with burgeoning population and constant warfare in what may well be its poorest, the Democratic Republic of Congo, has brought this ratio to above 100 to one. The world's jurisdictional disintegration creates two big challenges for its integrating economy.
comments powered by Disqus
- Number of women leaders around the world has grown, but they’re still a small group
- Say goodbye to the weirdest border dispute in the world
- Harvard acquires Thoreau's notes on the death of Margaret Fuller
- Big-time Hollywood director makes a movie about Stonewall
- Richard Rothstein says government policy created ghettos
- The Islamic historian who can explain why some states fail and others succeed
- High school senior credited with debunking book by Professor Richard Jensen
- Historians at loggerheads over the AP standards
- Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems