As more and more capital goes towards resource extraction, industrial output per capita starts to fall – in the book, from about 2015.
At the same time, in many countries where increasing wealth had allowed people to begin to diversify their diets, per-capita rice consumption has started to increase again because higher food prices mean that, once more, people cannot afford the more expensive alternatives.
She added: We are concerned that with pressures on organic growth Capita is starting to stray from [its] well trodden path [of small UK purchases], possibly making acquisitions to meet investors' overall growth expectations to the detriment of returns.
And while Israel has 30 times the venture capital per capita of Western Europe, several foreign investors have started to pull back on the market, as returns have waned over the last ten years.
If you look at South Korea, it wasn't until per capita incomes reached about $15,000 per year that you started to see a big shift in the types of goods and services being consumed.
Meanwhile the number of miles driven by Americans each year has also started to drop –they now drive fewer miles per capita than at the end of Bill Clinton's first term, according to a report released last year by US PIRG Education Fund.
More recently the consensus over the use of GDP per capita as a measure of a country level of success has started to fade (Stiglitz et al. [2010]).
The mechanism for transferring federal funds for sub-national levels was also amended, and at the end of the 1980s more resources started to be transferred automatically, based on population and per capita income.
Per-capita G.D.P. in the eastern states, boosted by investments from the West, started to level off after 1997, whereas the original West German "economic miracle" described growth that persisted for more than a decade.
What is less known is that even those rare economies that broke through the middle-class trap started to decelerate — still catching up, but more slowly — after reaching a per capita income of around $5,000 (in current dollars).
