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economy, numbers, world

The New World as We Know It - 1:3:2

  Publicerad av Emanuel Sidea

Robert H. Wade: In thinking about these issues, we should also give up talk of “the developing world” in contrast to “the developed world,” and talk instead of a “1:3:2 world” (one billion people live in the rich countries, three billion live in countries where growth rates are faster than those of the rich countries, and two billion live in countries where they are substantially slower).

When will the states representing the slow-growing two billion link up with the states representing the fast-growing but low-income three billion to force changes in the rules of engagement in the international economy? Perhaps the state representatives of the fast-growing three billion — when and if those states’ average income reaches, say, two-thirds that of the rich countries — will come to subscribe to neoliberal policy norms as the basis of a just world economic order. After all, most others have done the same as their states have come toward the top of the pile.
Foreign Affairs