Long term real GDP per capita

Income per capita has risen meaningfully around the world. Western Europe’s level is 8 times higher than a century ago, East Asia’s 14 times higher, but Sub-Saharan Africa’s is less than 4 times higher. A key driver of differences in long term income is differences in government policies. The East Asian experience demonstrates that income differences can be reduced over the long term should such policies support sustained income growth.

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