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by TMWNN 689 days ago
>As someone who assumed that global inequality would slowly diffuse away, that poor countries would become rich, that we would all sing Kumbaya, and that this would be a way to profit modestly from that "inevitability", I have been surprised.

Yes, the data in Africa—the classic target of such hope—is very depressing reading. From 1961 to 2015, real GDP per capita in Africa grew by 1.1% annually (!), compared to 3.9% for Asia, 1.7% for the Americas, and 2.2% for Europe. Growth from 2001 to 2010 of 2.9% is included in that figure; it was the first decade in that period in which Africa outgrew any other continent. <https://np.reddit.com/r/MapPorn/comments/6zlj6k/countries_by...>