Re:How Canada became an education superpower
by oblio on Thursday August 03, 2017 @05:23AM
(#14918117)
True, but that limit is:
a) not proven scientifically
b) around the point where Mexico or Brazil are (Mexico: $10k GDP per capita, Brazil: $8k, India: $2k)
India just by reaching Brazil's level can still grow its economy 4 times or more. At that point its economy would be something like 80% of the US one, based on sheer population volume.
And this is only one scenario, one where they fall into this "middle income trap".
a) not proven scientifically
b) around the point where Mexico or Brazil are (Mexico: $10k GDP per capita, Brazil: $8k, India: $2k)
India just by reaching Brazil's level can still grow its economy 4 times or more. At that point its economy would be something like 80% of the US one, based on sheer population volume.
And this is only one scenario, one where they fall into this "middle income trap".