Scott Sumner compares 14 large economies, and shows how neoliberal economic policies are responsible for growth

Good news for anyone who is looking to reduce poverty. He writes:

... four countries gained significantly on the United States, two were roughly stable (Australia and Japan) and the rest regressed. The four that gained were Chile, Britain, Hong Kong and Singapore. Of course, many poor countries also gained on the United States, but that's to be expected. As we will see, the relative performance of each of these economies is consistent with the view that neoliberal policies promote economic growth.

Here is his table:

Country	1980	1994	2008
United States	1.000	1.000	1.000
Australia	.841	.770	.837
Canada	.905	.818	.843
Britain	.688	.705	.765
France	.780	.730	.713
Germany	.803	.812	.763
Italy	.756	.754	.675
Sweden	.868	.777	.794
Switzerland	1.146	.987	.915
Asia
Hong Kong	.547	.845	.948
Japan	.732	.815	.736
Singapore	.577	.899	1.064
Latin America
Argentina	.395	.300	.309
Chile	.210	.251	.311

Earlier post here.