Rethinking Capitalism with Oded Galor | Highlights

Highlights of the fifth event in the Wheeler Institute for Business and Development’s flagship Rethinking Capitalism series focussed on the deep origins of comparative development and the emergence of vast and persistent inequalities across countries, regions, and groups. Despite the remarkable transformations in China, Asia, and more recently Africa, in the past decade, capitalism and globalization have come alongside large inequalities in income, wealth, education, and opportunity that have proven to be destabilizing for nation-states and international organizations.

Professor Oded Galor discussed his latest book, The Journey of Humanity, which explores the deep origins of comparative development and the emergence of vast and persistent inequalities across countries, regions, and groups. Moderated by Professor Elias Papaioannou, the discussion explored the long-run trends in global development and the future of societies in an increasingly interconnected economy.

00:00 Introduction
00:59 The Mysteries of Human Economic Growth & Inequality
5:58 The Three Stages of Human Economic Development
8:56 The Wheels of Change
12:50 The Tipping Point
15:09 The Roots of Global Inequality
19:12 The Role of Geography

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