Investment Enhances Emerging Economies' Living Standards

April 25th, 2015
in econ_news

from the Dallas Fed

Over the past two decades, the world has experienced a remarkable period of economic expansion that has led to improved living standards in countless countries. Between 1990 and 2013, output in a typical economy as measured by gross domestic product (GDP) per worker grew 45 percent. However, gains have been unevenly distributed among countries.

Follow up:

The median emerging economy, in particular, experienced a small decline in GDP per worker during the 1990s that was followed by a rapid increase of 46 percent between 2001 and 2013. Though uneven across countries, these gains have helped lift the material well-being of millions of people.

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