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
- Iraq’s Long-Lost Mythical Temple Has Been Found…and Is In Danger of Disappearing Again
- CBS features in-depth coverage of the 50th anniversary of the signing of the Civil Rights law
- Archive of WW II war crimes made public
- They tried to kill Hitler. Now they’re heroes.
- ‘Clinton Inc.’ Author Dishes on Monica Lewinsky and the Blue Dress
- Ukrainian Leaders Are Using David Barton's Theocratic Pseudo-History To Build Their Nation
- John D’Emilio, renowned professor of gay studies, retires
- It’s Martin Kramer vs. Ari Shavit vs. Benny Morris
- It's official: 2014 AHA election results are in