This is part one of a two-part series on the world’s worst economic crises and how they are affecting our lives.
Part two will be about the way we can fight them and how we can save ourselves.
If you’re wondering why the world doesn’t just stop, here’s a bit of context:The World Bank has a chart showing the cumulative GDP loss for each country from 2008-2012.
It shows that in some countries, such as Zimbabwe and Afghanistan, the loss has been even worse than that.
In others, such for China and Brazil, it has been much worse.
This is a world in which the world is growing at a rate of about 2 per cent a year, while the world economy is growing by about 0.3 per cent per year.
And we are all living longer.
It is this growth that the world has become more and more reliant on.
For years, global trade has been going through the roof.
That has resulted in ever-growing inequalities between rich and poor.
It has also led to a rise in global poverty.
The world’s wealthiest countries have been able to use their economic power to push other rich countries to the edge.
In some ways, this is good for the world.
But as the world becomes increasingly more unequal, this trend is likely to accelerate.
The richest nations are likely to continue to grow in power and influence, and their influence will continue to be even greater in the future.
We are all at risk of being pushed into a downward spiral that will eventually lead to a world of total poverty.
We live in an age when the rich are growing ever more powerful, and the poor are becoming increasingly impoverished.
As a result, the world will soon become a place where even the poorest people are living in absolute poverty.
This isn’t something that should be surprising.
The world has been at this kind of high-speed growth for a long time.
But it is happening now at a pace that threatens to make our lives much more difficult.
For example, the global economy is now worth around $200 trillion, but the world as a whole is worth less than $30 trillion.
That is because the global population has grown by more than 10 per cent since the year 2000.
If you compare this to the growth in the global GDP per capita, it is clear that the growth has slowed.
The global GDP grew by a little over 2 per 100,000 people in 2020.
It is not just that the global economies are now growing faster than they ever have before, but because the growth is being driven by the global middle class.
In other words, the middle class has grown in real terms by nearly 20 per cent in the past 25 years.
But even with this increase in income, the gap between rich nations and poor nations has widened.
In 2020, the top 1 per cent of the global income distribution held nearly one-fifth of global GDP, compared to less than 1 per 50.
This is because rich countries are growing faster, but their economies are stagnating or contracting.
The poor are living the brunt of this.
For this reason, the poorest of the poor have become the most vulnerable to rising inequality and poverty.
We need to build a more equitable world.
It is this inequality that is driving the global economic crisis.
When the world gets stuck in this spiral of growing inequality and extreme poverty, we are doomed to fail.
There are many steps we can take to stop this spiral, but we need to make sure we have a plan to tackle the causes of the current crisis.
To do this, we need a long-term strategy to build the global infrastructure that is needed to make the transition from a rich to a poor world.
This will require a sustained shift in global power.
If we want to reverse the trends that are killing our economy and our planet, we must take these trends to the centre of the economic debate.
In the coming months, I will be speaking at the World Economic Forum in Davos, Switzerland, about how we will build a new global infrastructure.
And if you are at the event, I urge you to join me in a public conversation with a panel of experts and a global community of experts.
It will be a great opportunity to discuss these issues and get the world to move towards a more equal and just world.