Development is Uneven, Get Over It
Adapted from the blog post of William Easterly This a 20 minute extemporaneous talk at UNICEF headquarters in New York on the topic of “Inclusive Growth”. After the talk, there is a question, comment, and response session with the audience. The full video is an hour, if you are really a masochist. (Try this link if the video player above doesn’t work.) To summarize the talk: success is intrinsically uneven, so development and growth is intrinsically uneven, not “inclusive”. (See the earlier post about the fractal stubborness of uneven geographic wealth .) In this talk, I also mention how remarkably uneven success shows up in just about every field of endeavor. One way this shows up is in a “power law”: there is such a strong negative relationship between the frequency of success and the scale of success that we have to use a logarithmic scale (i.e. a scale where every unit increase means multiplying by 10) for both to be able to...