Chart of the Day: How To Get Filthy Rich In Rising Africa*

Economist

Richard Iley

Macroeconomics

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/044/262/original/Screen%20Shot%202018-02-12%20at%207.28.40%20AM.png?1518382831" class="editor-image img-responsive" data-smartkarma-image-id="44262"></figure><div class="content-highlight">
<p>Over the last fifty years, the world's economic tectonic plates have been steadily shifting, mostly in Asia's favour. <strong>East Asia has seen one of the most extraordinary, sustained booms in global history</strong> with World Bank data showing that real per capita incomes have grown 6%+ for more than 35 years.</p>
<p>The Asia crisis of 1997-1998 saw only a brief interruption before China's ascent powered per capita growth up to record rates of 8%+ before the GFC. Growth has been ebbing in recent years from these…</p>
</div>


Over the last fifty years, the world's economic tectonic plates have been steadily shifting, mostly in Asia's favour. East Asia has seen one of the most extraordinary, sustained booms in global history with World Bank data showing that real per capita incomes have grown 6%+ for more than 35 years.
The Asia crisis of 1997-1998 saw only a brief interruption before China's ascent powered per capita growth up to record rates of 8%+ before the GFC. Growth has been ebbing in recent years from these…


Chart of the Day: A History of the World in One Chart