Macroeconomics › Section G · Economic growth › Topic G.1
The recent arrival of economic growth
For almost all of human history, the typical person lived about as well as their great-grandparents had. Sustained growth in income per person is only about two centuries old, and it has reshaped how billions of people live.
In this topic
- A long, flat line
- What economists mean by growth
- The Industrial Revolution
- Worked example: measuring growth from data
- The great divergence
- Worked example: how gaps open
- Catching up in the twentieth century
- Places growth has not reached
- Rule of law as a foundation
- Common mistakes to avoid
- Key takeaways
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