Deirdre McCloskey on the Economic, Cultural Explosion of the Next 50 Years

The video discusses the future of global economic growth, emphasizing that innovation is not exhausted. It highlights the rapid development and increasing wealth worldwide, particularly in emerging markets like China, India, and Latin America. The speaker predicts significant cultural and economic advancements in the next 50 to 100 years, driven by these regions.

What is the speaker's view on the state of innovation?

• Innovation is completely exhausted.

• Innovation is still ongoing and not exhausted.

• Innovation has reached its peak.

• Innovation is declining rapidly.

According to the speaker, what is happening to the world's wealth?

• The world is becoming poorer.

• The world is losing wealth rapidly.

• The world is becoming richer.

• The world is experiencing no change in wealth.

What does the speaker say about the current period of world growth?

• It is declining compared to past periods.

• It is average compared to past periods.

• It is the fastest in history.

• It is the slowest in history.

Which regions does the speaker mention as contributing to future global developments?

• The Middle East and Central Asia

• Australia and Antarctica

• Europe and North America

• China, India, sub-Saharan Africa, and Latin America

What kind of future developments does the speaker predict?

• Unprecedented cultural and intellectual explosions

• A stagnation in intellectual growth

• A return to traditional economic practices

• A decline in cultural and economic activities