Feeding the World: Population vs Technology

Written by Ryan McGuine // Today the world produces historically spectacular amounts of food. Despite this, around 12% of the world remains undernourished, and assuming current trends hold, the world's population is projected to reach 9.8bn people around 2050 and 11.2bn by 2100, making the challenge of keeping everyone well-fed even more difficult. Technological progress … Continue reading Feeding the World: Population vs Technology

Premature Deindustrialization: Economic Growth Then & Now

Written by Ryan McGuine // The conventional path for economic development has been to use industrialization — the process of increasing industry's relative contribution to total GDP and employment, at the expense of those of agriculture and services — as a means to enable rapid convergence. "Convergence" refers to a catch-up effect whereby countries that … Continue reading Premature Deindustrialization: Economic Growth Then & Now

Defining Development

Written by Ryan McGuine // The term "development" generally refers to the level of well-being that people enjoy, but quantifying well-being is not an easy thing to do. The traditional, and still most commonly-used, way to measure and compare levels of well-being across countries is personal income — gross national income (GNI) per capita. A … Continue reading Defining Development