05 Jun 1. ‘In the last 200 years or so since 1800 human welfare has increased
Question
1. ‘In the last 200 years or so since 1800 human welfare has increased more than in all of the rest of the thousands of years of human history. In the next 100 years, so many big countries are expected to grow rapidly that economic growth and accumulating knowledge will raise the living standards of more people in more parts of the world than at any prior time in history.” (Jeffrey Sachs) Discuss.
2. The economist John Maynard Keynes said that the economist “must examine the present in light of the past for the purposes of the future” and the former Prime Minister of the UK Sir Winston Churchill said “The farther backward you can look, the farther forward you are likely to see.” In what ways has the examination of the past as undertaken in Niall Ferguson’s Civilization: The West and the Rest helped you to understand the present and might help you to understand the possible future(s) for the world economy and its peoples? Discuss.
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