The international poverty line pushed by the World Bank underestimates the extent of global poverty – and must be rejected.
Manufacturing in Africa is six times more productive than agriculture. The growth in services on the continent has contributed to no or slow growth in overall per capita income.
Young women and men globally are snubbing power dynamics and gender inequality in the workplace, as seen with the #MeToo campaign.
By 2030, 32% of Africans – forecast at 548 million – are likely to live in extreme poverty. Africa is quite unequal, so growth does not translate into poverty reduction.
Of the world’s top 10 countries in real GDP growth rates for 2012, five were African – then disaster struck. In 2016, only two African countries made it into the top ten global GDP growth contest.