Showing posts with label Middle-Income Trap. Show all posts
Showing posts with label Middle-Income Trap. Show all posts

Thursday, November 29, 2018

6,716 Road Fatalities in 5 Decades


As the chart shows fatalities increased by about one-third as from the third decade and pretty much stayed at that level since then. Which roughly coincides with the time we've been stuck in the middle-income trap – half of which we've been in the flat-tax trap.

Thursday, September 14, 2017

How Mauritius Can Increase Its GDP By 50%


Remove all sugar cane and replace it with the kind of stuff we have on the other two-thirds of our land area. That would boost our GDP – and the per capita number as shown in the above chart – by almost half. And get us out of the middle-income group after being trapped there for almost three decades.

No, no, no you say. Sugar has a bright future. Really? Then let's raze all of our towns and grow sugar cane and shrink GDP by 98% or USD11.8bn. That would collapse our GDP per capita to $283 or a level close to that of South Sudan – a country which has been in civil war since 2013. We'd probably experience the same thing if we reverted back to being a mono crop. It'd take a less extreme scenario to have people in the streets. That's for sure. 

Thursday, January 5, 2012

Asia on Track To Reclaim Economic Dominance

By 2050 if it avoids the middle-income trap and current growth trends persist. So says an ADB report. It would then account for 52% of World GDP just like it used to 300 years ago before it failed to make the most of the industrial revolution. Otherwise it will be about one-third less important. In other words it has to Samsung its way up to the new level. Is the Tigger of the Indian Ocean paying attention?