In Graph 2 of the examine by Guisan(2023) we current the evolution of two Latin American nations: Brazil and Chile, with China and with 2 European nations (France and Spain).
We could discover that Chile had a price of actual Gross Home Product (GDP) per capita near Spain for the interval 1955-1960 and that Brazil had a price near Chile for the interval 1975-1990.
Because of the next degree of industrialization, and different elements, Spain skilled a excessive improve of actual GDP per inhabitant for the intervals 1960-1975, 1985-1991, 1992.2007 with lower and restoration for 2007-2021, and Chile for the interval 1990-2018. China additionally skilled an necessary improve of industrialization and growth since 12 months 1990. reaching and surpassing Brazil by the interval 2015-2021.
Accordingly to this examine the extent of industrialization has proven low incrase in lots of Latin American nations, whereas China and the World common have skilled the next improve. Whereas in 1950 the common of Manufacturing manufacturing per capta in Latin America was larger than the World common, in 12 months 2000 each values had been very alike and in 12 months 2021 the World common was larger than the common of 8 Latin American nations.
Extra info on the Entries 48 and 50 of this Weblog and on the following article in English, free downloadable at Concepts.Repec and at Dialnet, and in our Weblog on Latin America and Intrnational Improvement in Spanish:
Weblog in Spanish on Latin America and Worldwide Improvement:
