Rising Incomes Forecast For Africa
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  • ms

    “but here at Via Meadia we don’t think it’s God’s will for billions of people to be endlessly trapped in hopeless poverty.”


  • Luke Lea

    And don’t forget that most of Africa’s real economy is not in the money economy. A rise in per capita GDP is perfectly compatible with a fall in the standard of living. Indeed, we saw exactly the same thing here in the United States when modern household appliances allowed housewives to enter the labor market.

    Economists like GDP because they can measure it; states like it because they can tax it.

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