Many people are depressed about the state of global development, and especially about the failures of development in Africa. The per capita GDP of rich countries has diverged more and more from that of poor nations and it has become clear that it is hard to raise economic growth rates. However, there is good news: the Malthusian trap of population exceeding carrying capacity seems to have been avoided globally, and health and education status are improving faster than income. This work holds that the drivers of successful development are innovation, ideas and institutions.
This is a draft book that the author, Charles Kenny, is putting online until August 1st (2009) in the hope that some people will read it and provide comments and suggestions for improvement.
Wednesday, June 17, 2009
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