Word: capita
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Last week the guerrilla forces were down to an estimated 700 stragglers hiding out on the Thailand border. Already blessed with one of Asia's highest per capita incomes ($350 a year), Malaya is laying out some $200 million on highways, harbors and other long-range assets, hopes to make the young nation so prosperous that agitators will have no discontent to build...
...campaign was fought out against a background of widespread public contentment with U.S. history's most remarkable stretch of prosperity-prosperity for which the Republicans doggedly claimed credit. From 1921 to the end of 1928, under Republican Presidents Warren G. Harding and Calvin Coolidge, real per capita national income had climbed by a heady 30%.*In June 1928 the Republican Convention in Kansas City chose a nominee who seemed superbly equipped to carry on the Republican prosperity: Secretary of Commerce Herbert Clark Hoover, 53, a self-made, wealthy, Iowa-born engineer who was the most admired member of Coolidge...
...were rising at a yearly rate of 11% last July, but the rate dropped to 3% at year's end. But this achievement means little to the 50% of Peru's 10 million population who are outside the money economy or clinging to its fringes (average per capita income: $123 a year). Every second Peruvian is illiterate; 72% of the population is underfed. Tens of millions of acres of coastal desert could turn green under irrigation, but so far only 1.3 million acres are producing...
...Real income (in 1959 dollars) rose from $1,605 per capita...
During the postwar period, the U.S. gave $31.5 billion in grant aid to the rest of the world, while it gave Latin America only $625 million-less than 2% of the total, less than the Philippines got. Yet even now, measured by its per-capita income of $285 a year, Latin America, with 194 million people, is a poor neighbor living next door to a rich uncle (U.S. per-capita income $2,100). The inescapable need is for more capital...