Chinese and Indian real GDP PPP since 1980

Despite coming out of the blocks together, the Chinese economic miracle led to far larger increase in its respective real GDP PPP. Indian GDP only increased eightfold while Chinese GDP increased 18 fold since 1980 on a purchasing power parity basis.

Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

@oxfamnz The Great Escape from starving Africa

@oxfamgb @GreenpeaceUSA Cooking is now one of the biggest causes for outdoor air pollution

https://twitter.com/BjornLomborg/status/593445076321312769/photo/1

A rising majority of university students around the world are women

The Great Escape and #vegetarianism

@JamilAnderlini @ft @PickardJE British & Chinese real GDP PPP @urmyes1

Looks like it’s been another big day for breathless journalism at the Financial Times.

Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Angus Deaton on slow growth as a force for distributional conflict

image

Source: ‘Economic growth is the engine of the escape from poverty and material deprivation’ – economist and 2015 Nobel laureate Angus Deaton – AEI | Economics Blog » AEIdeas

RT @NaomiAKlein what’s changed since you left high school?

South Korean gender pay gap for the 10th, 50th and 90th percentile since 1985

image

Source: OECD Employment Database.

The essence of anthropology

@zoesqwilliams has great timing on capitalism not doing enough on poverty @worstall

Source: Poverty goals? No, it’s extreme wealth we should be targeting | Zoe Williams | Comment is free | The Guardian

When Zoe Williams was born in 1973, 60% of humanity lived in extreme poverty. That has dropped to 1 in 10.

Just the other day, the World Bank estimated that extreme poverty has dropped below 10% of the world’s population for the first time in human history but some are still grumbling.

Zoe Williams is not grumbling about the failed states and predatory government responsible for the last pockets of extreme poverty, but about the inequality from economic progress under capitalism.

Zoe Williams honestly believes that extreme poverty could have been reduced faster if we had taken on the socialist road.

China and India escaped from extreme poverty by rejecting socialism.

China and India received next to no overseas development assistance in their Great Escape from extreme poverty.

There’s been some clear-cut natural experiments such as between Chile and Venezuela and Japan, Hong Kong, Singapore and just about any other developing country in terms of capitalism as the only path to prosperity.

@oxfamnz 80% of the world lived in extreme poverty when my father was born

Image

The official salaries of African presidents

Are @vngalasso @OxfamAmerica @dpaulobrien Great Escape deniers? @WhitefordPeter

https://twitter.com/MaxCRoser/status/656144668468641793

Technology diffusion to underdeveloped countries is quickening

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