Monday, December 02, 2013

"African poverty is falling…much faster than you think"

Good news from a couple of economists.

GDP per capita in Sub-Saharan Africa dropped significantly from the mid 1970s to the mid 1990s, and extreme poverty was much higher at the end of that period than at its beginning. That was the bad old news.

Now analysis indicates that per capita GDP has increased rapidly and consistently for more than a decade, and extreme poverty has dropped accordingly.

Check out the source for more detail on the effect of mineral wealth and access to the coast.

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