Economic Progress

Why advanced economies are caught between two competing truths

Pedestrians cast shadows on the crosswalk near the headquarters of the Bank of Japan in Tokyo December 19, 2014. The Bank of Japan maintained its massive monetary stimulus on Friday and offered a brighter view of the economy, clinging to hope that joint efforts with PrimeMinister Shinzo Abe to revitalise the economy will prod companies into boosting wages and investment. REUTERS/Issei Kato (JAPAN - Tags: BUSINESS SOCIETY) - RTR4IMTU

Economic growth is slowing down, and science is flourishing. Image: REUTERS/Issei Kato

Ian Goldin
Professor of Globalization and Development; Director, Oxford Martin Programme on Technological and Economic Change, University of Oxford
Christopher Kutarna
Fellow, Oxford Martin School
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Economic Progress

Real GDP per capital, annual percentage change
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