Tuesday, February 28, 2012

Africa's quiet revolution

From the Atlantic:

The poverty mafia once controlled the development debate in Africa. No longer.

The old approach was about how to prevent Africa from getting poorer. All development goals were essentially negative, as experts wallowed in risk-aversion and promoted various doomsday scenarios of an Africa with a rapidly growing population.

The new thinking on development is to share Africa's wealth more equitably. That's right: Africa's wealth...In the ten years from 2000 to 2010, six of the world's ten fastest-growing countries were in sub-Saharan Africa: Angola, Nigeria, Ethiopia, Chad, Mozambique, and Rwanda. In eight of the past ten years, sub-Saharan Africa has grown faster than Asia, according to The Economist. In 2012, the International Monetary Fund expects Africa to grow at a rate of 6%, about the same as Asia..

one of the reasons for the change: Cellphones...

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