ABSTRACT
Global economic output, the total of all goods and services produced, grew from $6 trillion in 1950 to $39 trillion in 1998, expanding nearly three times faster than population. This increase of nearly sevenfold boosted incomes rather substantially for most of humanity. It also created a huge economy, one whose growth from 1990 to 1998 exceeded the growth during the 10,000 years from the beginning of agriculture until 1950. 1
