The Data-Driven Optimist

The Data-Driven Optimist

By Fouad Bendris

In the year that Jesus of Nazareth was crucified, when Rome controlled about 25 percent of the world’s population, global GDP per capita was the equivalent of US$463 in 1990. Roughly one thousand years later, around the time of the Norman conquest of England, global GDP per capita actually had decreased by a little more than $10. And about 500 years hence, when Columbus arrived in America, the world’s GDP had ticked up a mere 25 percent. In fact, it wasn’t until 1800 that GDP per capita finally topped $600. These data points suggest that for nearly 2,000 years — and presumably, researchers say, untold millennia before that — the global economy was staggeringly inert !

Fouad Bendris’s insight:
“One lesson from the empirical research that shows varied levels of inequality in different countries is that we can do something about it,” – We’ve forgotten how much of a luxury it used to be to see and read at night …

Source:: Strategy & Governance

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