Saturday, February 9, 2008

350% increase in annual income from 1950-2008

"The globalization of capitalism from 1950 to the present has increased annual average income in the world to $7,000 from $2,000. Contrary to popular legend, poor countries grew at about the same rate as the rich ones. This growth gave us the greatest mass exit from poverty in world history."

From: Why Bill Gates Hates My Book By William Easterly

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