Cool Video: A Review of Per Capita GDP Performance

This Cool Video is from the Economist.  In a little less than 90 second, it presents the different growth performance of high, medium and low income countries on a per capita basis.   So far in the new century, low income countries are seeing better per capita growth than the high income countries.  This was true before the crisis and persists now.  One of the developments contributed to this has been the shift in the terms of trade.  This essentially involved the rise of commodity prices and the relative decline in manufactured goods prices.  The risk is that the positive terms of trade shock may be going into reverse.