by James Ashton · 11 May 2023 · 401pp · 113,586 words
increased more than four times in Japan and the four tigers. A 1993 World Bank report, ‘The East Asian Miracle’, put the nations’ success and rising living standards down to ‘superior accumulation of physical and human capital’ and their ability to allocate those to ‘highly productive investments and to acquire and master
by Mark Skousen · 22 Dec 2006 · 330pp · 77,729 words
government restraint—important keys to economic growth. Adam Smith endorsed the virtues of thrift, capital investment, and labor-saving machinery as essential ingredients to promote rising living standards (326). In his chapter on the accumulation of capital (Chapter 3, Book II) in The Wealth of Nations, Smith emphasized saving and frugality as
by Daniel Yergin · 14 May 2011 · 1,373pp · 300,577 words
was an increasingly open world, freely communicating, freely trading, freely traveling—and, as it turned out very definitely, “visa-lite.” It was a world of rising living standards and ever-wider possibilities. It was an optimistic time. THE DAY THAT CHANGED EVERYTHING On September 11, 2001, two jets hijacked by Al Qaeda
by Stephen D. King · 22 May 2017 · 354pp · 92,470 words
will be large migratory movements. There needs also to be a catalyst. There are likely to be at least three in the twenty-first century: rising living standards in poor countries; persistence of conflict where government and institutions are ineffective or where there are failed states; and climate change, the effects of
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, this ‘exchange’ – between investment and governance, rather than between exports and imports – created a virtuous circle, leading to an emerging-market revolution associated with rapidly rising living standards for the many, not the few. In China, for example, the first stirrings of economic convergence with the West appeared in the early 1980s
by Adrian Wooldridge and Alan Greenspan · 15 Oct 2018 · 585pp · 151,239 words
than a high school education could afford to raise a family in the suburbs. Opportunity bred optimism: Americans looked forward to a future of ever-rising living standards and the government embraced ever-loftier goals. This was a world in which everything was shiny and new—in which brand-new families brought
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began to regard death as a problem to be solved rather than a fact to be approached with dignity. But the most important driver was rising living standards that made it possible for people to afford better food, bigger and cleaner homes, and improved health care. As life expectancy increased, the workweek
by Richard G. Wilkinson · 19 Nov 1996 · 268pp · 89,761 words
expectancy was associated with the rising standard of living (Preston 1975). In order to get a clearer idea of whether health really is responsive to rising living standards among the rich countries on the flat part of figure 3.1, let us move from cross-sectional data to look at changes over
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life expectancy which is not in some way sustained, enabled or supported by economic development. The evidence for rejecting at least some distant link between rising living standards and increasing life expectancy seems inadequate. For countries on the horizontal part of the curves in figure 3.1 (which becomes more horizontal in
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(this latter probably for the first time in recorded history) and lastly, the cessation of the decline in the proportion of low birthweight babies despite rising living standards. Together these suggest that we should probably interpret the levelling off of the curve of rising life expectancy with increasing GNP per capita as
by Stephen D. King · 17 Jun 2013 · 324pp · 90,253 words
The West now has the growth profile of Japan and, in some cases, levels of income inequality approaching Argentina's. For Westerners used to ever rising living standards, who have come to expect continuous improvements in their daily lives from one year to the next, this presents a major challenge. Based on
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our collective belief in continuously rising living standards, we have spent the last half-century watching our financial wealth and our political and economic ‘rights’ accumulate at an incredible pace. We all
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encouraging households to spend rather than save. Demand would then stabilize. Other than as a consequence of major political upheavals – war was hardly conducive to rising living standards – economies seemed destined to stick to a path ultimately determined by a mixture of population growth, capital accumulation and advances in technology. Macroeconomics had
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continued to expand. In the second half of the twentieth century, both debtors and creditors could more happily live side-by-side thanks to persistently rising living standards. Rising incomes gave at least some creditors a reasonable return – banks and bondholders both did incredibly well as the inflationary 1970s gave way to
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to keep up with the Kardashians. All of these global ‘brands’ have become wealthy thanks to new technologies. If those technologies, in turn, lead to rising living standards for more or less everyone, there appears to be little reason to worry: Smith's melancholia is held at bay. Soccer players may be
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foreigners; they, after all, don't have a vote. Until the onset of the financial crisis, there was little reason for foreigners to worry. Persistently rising living standards and recession ‘bounceback-ability’ ensured that both domestic voters and foreign creditors could be kept happy. Post-crisis, however, it seems increasingly likely that
by Robert Skidelsky · 13 Nov 2018
so political liberalism must be detached from neoliberal economics. Economic policy is a central element in statecraft. If it helps societies to realize full employment, rising living standards and a fair distribution of opportunities and rewards, it can take a lot of the sting out of populist politics, which trades on economic
by Pippa Norris and Ronald Inglehart · 31 Dec 2018
that the economic grievance thesis alone cannot explain their electoral success. In Central and Eastern Europe, Hungary, Poland, the Czech Republic, and Slovakia have enjoyed rising living standards and rapid economic growth, compared with other post-communist societies, yet they have also experienced a series of populist gains. A comparative study of
by J. Bradford Delong · 6 Apr 2020 · 593pp · 183,240 words
to escape the shackles of the Malthusian Devil. Technology had advanced, but improvements in productive potential had been absorbed by rising populations, and not in rising living standards. The population of China in the late nineteenth century was three times what it had been at the start of the second millennium in
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general optimism. Businessmen and economists believed that the newly born Federal Reserve would stabilize the economy, and that the pace of technological progress guaranteed rapidly rising living standards and expanding markets. The Federal Reserve feared that continued stock speculation would produce a huge number of overleveraged financial institutions that would go bankrupt
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