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The recent history of the global economy, in one chart

The recent history of the global economy, in one chart

In 1950, the average African had almost twice as much income as the average Asian. At 63% of the world’s average, she wasn’t far behind the typical global citizen, either. By 2016, the opposite was true. The average Asian made close to 80% of the average global citizen, but the average African was relatively worse-off,…