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Showing posts with the label aid

Broadband – the most effective catalyst for development in emerging markets

Dambiso Moyo argues that “ limitless development assistance to African governments, has fostered dependency, encouraged corruption and ultimately perpetuated poor governance and poverty” [1] .     It is self evident that sustainable development has not taken off despite the billions in foreign aid to African Governments over the last 60 odd years since the end of the colonial era.     Having eliminated aid as being a non-starter for African development the challenge now is to find the magic formula.     What key attributes, artefacts, behaviours or mechanisms will have the highest impact?      It is a highly complex web of factors and interdependencies that will lead to a sustainable future.    Issues like improved governance, the rule of law, better education,   better health care,   greater FDI,   trade,   even climate change will all be key factors that will impact the future ...

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...