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Overview

In: Struggling With Success Challenges Facing the International Economy

Author

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  • Anne O Krueger

    (Johns Hopkins University, USA)

Abstract

To anyone with knowledge of economic history, attacks on globalization and politicians’ expressed desires to reverse it are astonishing. Globalization has been going on for centuries. Its consequences have greatly increased life expectancies, the quality of life, and standards of living. As seen in Chapter 2, even in 1900 in the United States, only about 6 percent of Americans lived above what is now the poverty line! Until the 1950s, per capita incomes were low throughout the developing world, malnutrition and hunger were widespread, and life expectancies and literacy rates were very low. As documented later in this volume, progress in the past half century has been enormous.

Suggested Citation

  • Anne O Krueger, 2012. "Overview," World Scientific Book Chapters, in: Struggling With Success Challenges Facing the International Economy, chapter 1, pages 1-12, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814374330_0001
    as

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