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The rise and fall of modern empires - Part IIIa
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As we found out in Part I and Part II, although economic power has been shifting from the West to the East for many decades, income inequality, in terms of GDP per capita, still holds strong around the World. In Part IIIa we discover what drives the economic growth of different regions, population vs. income per capita improvement, and the outcome is quite surprising...
Download the full analysis here
Categories: Economy
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Bryan Alexander
10:29 PM on July 15, 2013
Nicely argued thesis.
Do you think east Asia + India are likely to maintain that per capita GDP growth advantage for a while?
Do you think east Asia + India are likely to maintain that per capita GDP growth advantage for a while?
Thanks Bryan!
I believe so, yes. At least for Asia in general it will sustain this GDP per capita growth for some time. I haven't finished the analysis for countries yet-this should be Part IIIb-but I believe that China will follow the same pattern. I am not so sure about India though. It doesn't have the same growth as China, in terms of GDP per capita, so, I would wait first for some structural changes to be made to the country before it catches up and perhaps even challenges China's leading position in Asia
Nicely argued thesis.
Do you think east Asia + India are likely to maintain that per capita GDP growth advantage for a while?
[/Bryan Alexander]
I believe so, yes. At least for Asia in general it will sustain this GDP per capita growth for some time. I haven't finished the analysis for countries yet-this should be Part IIIb-but I believe that China will follow the same pattern. I am not so sure about India though. It doesn't have the same growth as China, in terms of GDP per capita, so, I would wait first for some structural changes to be made to the country before it catches up and perhaps even challenges China's leading position in Asia
Nicely argued thesis.
Do you think east Asia + India are likely to maintain that per capita GDP growth advantage for a while?
[/Bryan Alexander]
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