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Comparing the growth rates of Asia to those of Western Europe.

You are being asked to create graphs and perform calculations. Make sure that you label all graphs properly. Both the X and Y axis should be labelled. There should be a legend showing each series on the graph. In short, someone who hasn’t read the questions should be able to understand what is shown in your graphs. Be sure to show your work for the calculations. You should write down the general formula and the specific numbers that you are using to reach your answer. You will lose marks if we cannot see how you reached your answers, even if your final answer is ultimately correct.
Task: Go to the Maddison project database‐ project/home.htm (also available through the course Moodle page)
Click on Maddison Project Database. Save the Excel file (open the file in Excel and use <file, save as>).
Reading (particularly for question 6): Joseph E. Stiglitz, “Some Lessons from the East Asian Miracle”, World Bank Res Obs (1996) 11 (2): 151‐177. (Available at click on <full text pdf>)
1. Use Excel to graphically show GDP per capita for the following Asian nations: China, Japan, Indonesia, India, Pakistan, Bangladesh, South Korea, Thailand. Create separate figures for 1950, 1970, 1980, 2000, and 2010. (Hint: use <insert, charts> in Excel).
2. Calculate the growth rate for India and China between 1950 and 2010. What is the average annual growth?
3. Have the Asian countries that were richer in 1950 grown faster or slower than those which were poorer?
4. Create a table showing GDP per capita for the 12 Western European economies and 16 Asian economies in 1950, 1960, 1970, 1980, 1990, 2000, and 2010 (use columns N and CZ, do not have 28 columns).
5. Compare the growth rates of Asia to those of Western Europe.
6. What explanations have scholars offered for higher growth rates in Asia than
in Western Europe?

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