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Now examine Osborne's claim that Britain has "7% of global welfare spending".
This paper evaluates the loss of global welfare from exhaustion of nonrenewable resources, such as oil.
We find that various measures of global inequality have declined substantially and measures of global welfare increased by somewhere between 128% and 145%.
While this country has just 1% of the world's population and produces 4% of its wealth, it accounts for 7% of global welfare spending.
The free-trade regime created after World War II precipitated the most astonishing advance of global welfare and prosperity the world has ever seen.
On the contrary, a transport subsidy for workers discriminated against leads to an increase of global welfare and a decrease of the wage gap.
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The ultimate aim is to assess the impact of migration on global welfare.
An Overseas Development Institute paper (pdf) published last year summarised studies on the impacts of increased migration on global welfare – the numbers are astronomical and far outweigh the impact of aid, for example.
Theories range from the influx of younger nontheists with a focus on global welfare, to images of natural disasters made ubiquitous by the Internet, to the growth in population of people who say they have no religion -- 15percentt, according to the 2008 American Religious Identification Survey.
In his model, this would have only modest effects on global welfare; but how confident can we be of that?
Also, the implications of these adjustments for global welfare are found not to be necessarily different in the presence or absence of regional trading blocs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com