MGT 2600 Lecture 1: The Great Enrichment

• School: Wake Forest University
• Department: MGT - Management
• Course: MGT 2600
• Professor: Matthew Phillips

Document Summary

The hockey stick : 1950"s globalization; post-wwii, sharp increase in per capita gdp for most of the world, trade between japan and west (more so than the rest of asia, free trade between japan, western europe, and the west. Increase begins in the early 1800"s: market has expanded. Capitalism and wealth (2019 economic freedom of the world report) In the most free quartile, per capita gdp is about ,000. In the least free quartile, per capita gdp is about ,000. It is more favorable to be poor in a country with more freedom than less freedom.