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
- At Brandis the Afro-American studies faculty is siding with student protesters
- NYT's Notable Books of 2015: These are the history books that made the cut
- Petition signed by 44,000 to add more female thinkers to the Politics A Level syllabus in the UK
- Most Students Have No Clue What Accurate Native American History Looks Like
- Historians Re-Enter Presidential Studies