Measuring the performance of world economies
The Economist analyzed in a recent article which economies have fared best and worst during the global financial crisis. The article highlights that the real GDP is no longer the best measure for comparing output, because of demographic changes. Canada, like the United States, has a fast-growing population, whereas the number of Germans and Japanese has started to shrink (The Economist, 2011). The Economist considers the Real GDP per head to be a better measure in order to offer an accurate comparison among worldwide economies’ performance.