Brookings, October 9, 2019: Double Tipping Points In 2019: When The World Became Mostly Rich And Largely Old
When it comes to economic development, positive change is typically gradual and only noticeable over long periods of time; by contrast negative developments—economic crises—are often rapid and spectacular. This creates a biased narrative that focuses on negative news, while positive trends go unnoticed because they are less dramatic.
In this blog, amid an atmosphere of deepening gloom about prospects for the world economy, we want to draw attention to two long-term trends that illustrate the significant progress being made by most of humanity.
