On the U.S. vs. rest of world.

• Author: Rees, Matthew
• Position: Global market/economic trends - Gross domestic product - Brief article

"Recent research by my Minneapolis Fed colleagues, Lee Ohanian and Jim Schmitz, and two co-authors, shows that from 1950 to 2001, per capita GDP for Europe increased 68 percent relative to the United States; Asia increased by 244 percent, while Latin America decreased by 21 percent. This is all the more striking when we realize that Latin America's per capita GDP actually...