50. Report 2023-3. Economic development of Latin America, 1950-2021: Mexico, Colombia, Peru and comparison with China

      Graph 3 presents a comparison of 3 Latin American countries (México, Colombia and Peru) with China for the period 1950-2023.

Entry 50 by Maria-Carmen Guisan, Professor of Econometrics, Spain

      We may notice that real Gross Domestic Product (GDP) per capita was much higher in  these Latin American countries than in China for the period 1950-1980. After 1980 the increase of industrialization in China started to diminish the gap of GDP per capita with some Latin American countries and in the period 2015-2021 surpassed the values of Peru and Colombia and almost reached the value of Mexico in year 2021.

      The graph shows an important increase of real GDP per capita in Mexico for the period 1950-1980 and a lower increase for 1980-2021. An interesting article by Moreno-Brid and Sanchez(2022), published in the journal RSES Vol. 22-2.  highlights the positive impact of the industrialization policies of the period 1950-1980. 

    More information at the Entries 48 and 49 of this Blog and also at the following article in English, free downloadable at Ideas.Repec and Dialnet and in our Blog on Latin America and International Development in Spanish:

   

Article in  English:  Guisan, Maria-Carmen (2023). Economic Development in 8 Latin American Countries: Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru and Venezuela. Applied Econometrics and Interntional Development Vol. 23-1.

Blog in Spanish  on Latin America and International Development:

https://economiaydesarrollointernacional.blogspot.com

49. Report 2023-2.Economic development of Latin America, 1950-2021: Comparison of Brazil and Chile with China and Europe

 

Entry 49 by Maria-Carmen Guisan, Professor of Econometrics, Spain

     In Graph 2 of the study by Guisan(2023) we present the evolution of 2 Latin American countries: Brazil and Chile, with China and with 2 European countries (France and Spain).

   We may notice that Chile had a value of real Gross Domestic Product (GDP) per capita close to Spain for the period 1955-1960 and that Brazil had a value close to Chile for the period 1975-1990.

   Thanks to a higher level of industrialization, and other factors, Spain experienced a high increase of real GDP per inhabitant for the periods 1960-1975, 1985-1991, 1992.2007 with decrease and recovery for 2007-2021, and Chile for the period 1990-2018. China also experienced an important increase of industrialization and development since year 1990. reaching and surpassing Brazil by the period 2015-2021. 

     Accordingly to this study the level of industrialization has shown low incrase in many Latin American countries, while China and the World average have experienced a higher increase. While in 1950 the average of Manufacturing production per capta in Latin America was higher than the World average, in year 2000 both values were very alike and in year 2021 the World average was higher than the average of 8 Latin American countries.

    More information at the Entries 48 and 50 of this Blog and at the following article in English, free downloadable at Ideas.Repec and at Dialnet, and in our Blog on Latin America and Intrnational Development in Spanish:

Article in English: Guisan, Maria-Carmen (2023). Economic Development in 8 Latin American Countries: Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru and Venezuela. Applied Econometrics and Interntional Development Vol. 23-1.

Blog in Spanish on Latin America and International Development:

https://economiaydesarrollointernacional.blogspot.com

   

   

48. Report 2023-1. Economic Development of Latin America, 1950-2021: Argentina, Chile, Cuba and Venezuela

 

Guisan, Maria-Carmen (2023). Economic Development in 8 Latin American Countries: Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru and Venezuela. Applied Econometrics and Interntional Development Vol. 23-1.

Entry 48 by Maria-Carmen Guisan, Professor of Econometrics, Spain

This study is free downloadable at Ideas.Repec and Dialnet, and also by clicking on the name of the journal.

Graph 1 of the study by Guisan(2023) shows that Argentina, Venezuela and Mexico were the top 3 countries out of the 8 countries of this study in real Production per inhabitant in year 1950. In year 2021 the top 3 were Chile, Argentina and Mexico.

In the next entries of this Blog we include other graphs and more information of this study.

The indicator of Manufacturing per capita, life satisfaction, quality of government, freedom and other ones, in Argentina and Chile are higher than in Cuba and Venezuela.

Blog in Spanish on Latin America and International Development:

https://economiaydesarrollointernacional.blogspot.com