Exploring the Acceleration of Global Economic Growth Through Technological Advancements
By
andsoitis
Crackles when you bite it. Shows the baker did the work.
Summary
The article discusses the historical growth of the world economy and the impact of technological advancements on accelerating growth rates.
Key quotes
· 3 pulledOver the previous 17 centuries global output had expanded by 0.1% a year on average, a rate at which it takes nearly a millennium for production to double.
Global growth quintupled to 0.5% a year between 1700 and 1820.
Growth has not just become the norm; it has accelerated.
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