Comments on economics, mystery fiction, drama, and art.

Tuesday, June 04, 2013

Generating the Wealth of Nations 30: Three Asian Nations Identified

Yesterday I posted a chart of real GDP per capita for three Asian nations before World War II; here are the same three nations, with the same color-coding, since 1950.  Before WW2, the Philippines was clearly richer than either China or India, but both China and Indiana have done much better since (and especially since 1980):

(Click to enlarge.)

I received several responses picking the country represented by the black line to be Japan, which wasn't  bad guess.  Here's Japan and the Philippines:

(Click to enlarge.)

Clearly, a lot went right in Japan after WW2 and a lot did not go right in the Philippines.



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