Angus Deaton

Question 1

1 Key Element of “The Great Escape” (2013)

Answer 1

1. Industrial revolution + “great divergence” - inequality between north and south existed for 250 yrs, remained stable

Question 2

2 Key Element of “The Great Escape” (2013)

Answer 2

2. Post-WWII Boom - growing prosperity in an era of relative peace and stability, large middle class less extreme poverty (in the west)

Question 3

3 Key Element of “The Great Escape” (2013)

Answer 3

3. Neo-liberal era (since 1981) - free trade, movement of technology, ideas and people

Question 4

Global rise of material well-being date according to Deaton

Answer 4

1981-2008

Question 5

Population living on under $1 a day

Answer 5

40% down to 14% between 1981 and 2008