Doubling Our World's Economy

Cooper talks about projecting the near future from known factors. Among other things, all countries will have aging population, since longevity is increasing almost everywhere, although at different rates. In addition to higher population, incomes will also be significantly higher. A reasonable gues...

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Bibliographic Details
Published inWorld policy journal Vol. 25; no. 3; pp. 41 - 46
Main Author Cooper, Richard N.
Format Journal Article
LanguageEnglish
Published Durham Duke University Press 22.09.2008
MIT Press
Sage Publications, Inc
Duke University Press, NC & IL
Subjects
Carbon dioxide
Carbon dioxide emissions
Coal
Current affairs
Economic Development
Economic growth
Food demand
Forecasting
Forecasts and trends
General Interest
Global economy
Gross domestic product
Income Distribution
International economics
International Relations
Keynesianism
Market trend/market analysis
Personal income
Politics
Population forecasting
Population Growth
Public Policy
Quality of life
World Economy
United States
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Summary:Cooper talks about projecting the near future from known factors. Among other things, all countries will have aging population, since longevity is increasing almost everywhere, although at different rates. In addition to higher population, incomes will also be significantly higher. A reasonable guess is that the income of the median world citizen will more than double over the nest 25 years. That continues the rate at which global incomes grew over the past half century, and there is no compelling reason to believe that growth will slow from rates people have seen, as one country after another attains the domestic conditions and the policies required to achieve and to sustain economic growth.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
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ISSN:0740-2775
1936-0924
DOI:10.1162/wopj.2008.25.3.41