From 1967 to 1980, Brazil grew at an average annual rate of 5.2 per cent. Few would have predicted, then, that for the next 22 years per capita income would grow at precisely zero.
That is from David Pilling at the FT, who considers China as well. And here is part of the first comment on the article, from Danny Quah:
Success, by definition, means being different from the mean. For economic growth the quantitative implications of such success (or even apparent failure) are laid out in http://blogs.worldbank.org/futuredevelopment/chinese-lessons-singapore-s-epic-regression-mean. Sure China’s continued growth faces manifold obstacles but many of those problems are not insurmountable http://www.boaoreview.com/perspective/2013/1115/296.html
The pointer here is from Helmut Reisen.