Economic growth on a global scale

Abstract

The number 1 aim of the paper is to note theoretical explanations of three facts: the remarkably rapid acceleration of the rate of growth of the per capita domestic product (GDP) in a small part of the world economy in the early 19th century, a strong stability of the per capita GDP growth rates in countries of that part since then, and a very strong divergence in the per capita GDP growth among the less developed countries. The number 2 aim is to note the probable implications of these explanations for the likely rate of global economic growth during this and next centuries.