Wednesday, August 03, 2005
Econommic development
This is mahalanobis highlighting a paper that compares development in various regions with the average of the OECD. Mahalanobis: "The table also reveals that the fastest learning countries are China, India and the East Asian group. Remarkably, China has experienced over four centuries of base trajectory OECD growth in the last 52 years taking it to year 1917 levels on the OECD trajectory. India and the East Asian group of countries have experienced more than three and a half centuries of base trajectory growth in 52 years, taking them to mid-nineteenth century OECD levels of income.'[1]"
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