Views of a Nepali Economist

The Atlantic has an interesting piece on African economic growth. The direct link to The Atlantic is here.

Excerpts:

The old approach was about how to prevent Africa from getting poorer.[...] 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.

Labels: africa, economy