Better Than We Thought
March 2, 2010 9:32 PM Subscribe
posted by SpringAquifer (21 comments total)
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"The conventional wisdom that Africa is not reducing poverty is wrong
." [PDF, 339.97 KB]
"Our main conclusion is that Africa is reducing poverty, and doing it much faster than we thought. [...] We also find that the African poverty reduction is remarkably general: it cannot be explained by a large country, or even by a single set of countries possessing some beneficial geographical or historical characteristic."
"Moreover, contrary to the commonly held idea that African growth is largely based on natural resources and helps only the rich and well‐connected, we show that Africa’s income distribution has become less rather than more unequal than it was in 1995, and therefore, that a great deal of this growth has accrued to the poor." (via FP Passport Blog)