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16 March 2004

Globalisation in Africa

I think I'm inclined to be of the same mind. Still not sure if I think globalisation is good for the poor. But I definitely think it's good for poor countries overall.

Look at Africa to understand that there are worse things than inequality.

I'm taking globalisation to mean trade liberalisation BTW. There aren't many democratic, capitalist countries that are poorer than they were 20 years ago. I can't think of one. And I can't think of many isolated countries that are better off than they were 20 years ago.

On any estimate, poverty is at its most impervious in sub-Saharan Africa .... These are not just the poorest countries in the world, but also the slowest-growing. Can it be plausibly claimed that these countries are the victims of globalisation? That would be an odd conclusion, given that sub-Saharan Africa's economies are so comparatively isolated from the rest of the world economy—by force of history, circumstance and, to a large extent, the policies of their own and other governments. Sub-Saharan Africa plainly suffers not from globalisation, but from lack of it. The Economist

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