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Despite the Great Depression of 1930s or the recent Great Recession, the constancy of the long-run growth rate has been miraculous. Low-income countries, including China and India, have been growing at a faster pace and are quickly catching up to the West.

World better place now: Seven reasons why lives of people have...

Many people even in advanced economies do not know that the world is graduating into a much better place.

20 Jan 2019 1:01 AM IST

The book by Thomas Picketty, Capital in 21st Century, has clearly described how inequalities in advanced and other countries have gone up and this is becoming a menace to social life.

World better place now: It's not all that rosy as data show

Undoubtedly the world has become a better place to live in when compared with the past three centuries.

20 Jan 2019 1:00 AM IST