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Showing posts from August, 2014

The meaning of African growth

I saw an article the other day headlined   “ Why saying ‘ seven of the ten fastest growing economies are in Africa ‘ carries no real meaning” [1] (By Morten Jerven writing on africanarguments.org).    Not one to be put off by such one eyed perspectives – I thought I should read it.    Always get the ‘other ‘ perspective is what   I believe and advocate,   and so I did.    What followed was a clinical analysis of GDP’s, growth rates, inflation rates and the like, indicators, so oft leant upon by economists to underpin their arguments.   Basically a dismissing of the current African economic turnaround as being statistically misleading and so on.    But all was not bad – there was a concession at the end that   ‘ the evidence does not yet readily provide us with an answer ’.   Had it been included in the title as a rider, perhaps one would have read the article with a little less disregard for the approach of the aut...