Thursday, March 08, 2007

The Economist on the South

From the recent Economist article on the American South:
In 1937 southern incomes were only half the American average; today they are 91% of it. The South's share of American GDP has risen from 22% in 1963 to 31% today. Its share of America's population is still growing, but income per head, which peaked at nearly 96% of the national norm in 1981, has struggled to regain that proportion. Does this matter? As Georgia's governor, Sonny Perdue, points out, it is not a race. There are worse fates than remaining nine-tenths as rich as America, a country that is richer and grows faster than any other large rich country.

Technorati Tags: ,


Post a Comment

<< Home