Article published: Jan 30, 2015 – out of date: no longer suitable for your IB Economics commentary
IB Economics syllabus: Development Economics (inequality, ending extreme poverty, economic growth vs. economic development)
According to the author, Lawrence Haddad, a simple name change would mean a lot, because what really matters is not the increase in real GNP per capita. According to him, Davos leaders at the World Economic Forum “should be talking about sustainable development, not economic growth.”
A perfect topic to use the Lorenz curve too.
Also: check out the “related content” below the article to find other useful sources.
Source of image: Fabrice Coffrini/AFP/Getty