Doug- Could you please let us know what they say? Also, any explanation
for the China figure? Is it a result of the change in exchange rates
(early 1994) from year to year? If it is accurate, it would be a striking
indication of the limited character of China's recent "success."
>I believe it was to this list that someone posted a query about the odd
>growth in World Bank estimates of Argentina's per capita GDP. The odd has
>just gotten odder. New estimates for 1993, just published, show further
>gains. This little table says it all:
>
>per capita GDP figures in nominal U.S. dollar reported in World Bank
>News, Sept 29, 1994:
>
> 1993 1992 change
> ------- ------- ------
>Argentina $ 7,290 $ 6,170 +18.2%
>China 490 480 + 2.1
>Mexico 3,750 3,510 + 6.8
>UK 17,970 18,110 - 0.8
>US 24,750 23,830 + 3.9
>
>Argentina's figures are up 159% since 1989, after heading nowhere during
>the 1980s (actually bobbing up and down rather violently). In 1989, the
>WB reported Argentina's per capita GDP as 13.4% of the US's; in 1993, it
>had risen to 30.6%.
>
>I asked the World Bank press office to explain these oddities, but they
>haven't responded yet.
>
>Doug
>
>Doug Henwood [[EMAIL PROTECTED]]
>Left Business Observer
>212-874-4020 (voice)
>212-874-3137 (fax)
Joseph E. Medley
Economics
University of Southern Maine
Portland, Maine 04103
(207)-780-4293
