4 ms·
Lots of developing countries currently have per capita GDP comparable to western European countries in 1980 (Like as an example, Netherlands vs Vietnam). Why n
by maxerickson 4y ago
Lots of developing countries currently have per capita GDP comparable to western European countries in 1980 (Like as an example, Netherlands vs Vietnam).
Why not look at somewhat more modern lessons?
- refurb 4y agoNetherlands had a GDP per capita of $13,000 USD in 1980, equivalent to $49,000 USD today. Vietnam had a GDP per capita of $13,000 USD today. They aren’t even close.
- maxerickson 4y ago~13000 in "Current US$". You don't adjust for inflation and then adjust for inflation again. Vietnam is considerably lower today on that measure (3750), but if you use PPP the comparison isn't quite as stark (but ends in 1990). https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=NL-VN https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location... https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=NL-VN https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locat...
- refurb 4y ago$13,000 USD in 1980 isn’t adjusted for inflation. And if you’ve ever lived in Vietnam you’d realize the comparison doesn’t make sense. Vietnam is still very poor today. Netherlands in the 1980’s was a developed nation.