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The original graph also had a horizontal line at 24.34%, representing the global mean growth rate of income during this time [2] There are four main conclusions that can be drawn from the elephant curve in relation to globalization’s effect on income inequality. [ 1 ]
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In December, the market cheered after hopes for rate cuts were restored following pleasing inflation numbers. But economic growth projections for 2024 had fallen to 1.4% from September’s 1.5% ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
The Global Competitiveness Report (GCR) [1] was a yearly report published by the World Economic Forum. Between 2004 and 2020, [ 2 ] the Global Competitiveness Report ranked countries based on the Global Competitiveness Index , [ 1 ] developed by Xavier Sala-i-Martin and Elsa V. Artadi . [ 3 ]
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