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You skipped over the quote where he explicitly calls that out. Additionally don't most measures of GDP explicitly exclude those cases where the money is immedi
by Guvante 13y ago
You skipped over the quote where he explicitly calls that out.
Additionally don't most measures of GDP explicitly exclude those cases where the money is immediately siphoned out of the country?
In either case it is usually true that GDP and income per person are at least linearly related, meaning the kinds of comparisons he is doing are valid, since he is comparing the numbers within a country. The scale of growth may be off by little bit, but the fact that growth occurred is still true.