ECON 1020 Lecture 32: Lecture 32

• School: University of Manitoba
• Department: Economics
• Course: ECON 1020
• Professor: Ryan A.Compton

Document Summary

Today people living in countries experiencing economic growth are constantly exposed to new technologies, new products, and new services. The average human lifespan has more than doubled, from an average of less than 30 years before economic growth, to over 67 years today. Britain: early 1800"s western europe (france, germany, and other parts of. Western europe: late 1800"s canada, usa, and. Australia o 1870"s japan: mid- 1900"s rest of asia, central and south america, middle. East o past 20 years africa: some parts of the world have yet to experience economic growth at all. 1973 was a major year for growth, when asia took off from africa. Per capita gdp: gross domestic products per person; the average. Per capita incomes: a nation"s total income per person; the average income of a population. Countries that started to experience modern economic growth more recently are not doomed to be permanently poorer than the counties that began earlier.