Following the previous post, it is only appropriate to do a cross-country comparison of per capita income.
Few takeaways from the graph:
- However, income levels of these economies are still relatively low.
- In comparison, Malaysia's income level is one of the highest amongst the ASEAN-5 and BRIC economies, but growth has been relatively slow.
- Amongst the developed economies, the Newly Industrialized Asian Economies (NIEs, above) have enjoyed high levels of growth in income due primarily to the rise of the large emerging economies