4 ms·
But I thought economists have known this for a long time (at least since 2013). Basically, the Elephant Graph [1] summarizes the effects of globalization. Most
by namirez 7y ago
But I thought economists have known this for a long time (at least since 2013). Basically, the Elephant Graph [1] summarizes the effects of globalization. Most of the economic gains of the past few decades went to the super-wealthy and the middle class in the developing world. Meanwhile, the middle class in wealthy countries and the poor in developing countries were left behind.
https://www.vox.com/policy-and-politics/2018/2/2/16868838/elephant-graph-chart-global-inequality-economic-growth https://www.vox.com/policy-and-politics/2018/2/2/16868838/el...