Sebastian Edwards

[Doug Henwood]

Brad De Long wrote:
>After all, if this year is as good a year for Mexican growth as the average
>year in the past decade, then this year Mexican measured real GDP will be
>more than 40% higher than it was a decade ago. Mexico's population growth
>rate is high enough that such an increase translates into less than half as
>large an increase in real GDP per capita--but this is still progress of a
>sort (albeit of a sort that leaves measured real GDP per capita lower than
>in the late-1970s heyday of the oil boom).

And the average real wage at around early 1960s levels, right?

Doug