Explaining The African Growth Miracle
Cell phones, China's commodities purchases or misleading new metrics? An interesting question raised by Paul Kedrosky using data from Wolfram Alpha. One commenter suggests Kiva, but no one really seems to buy that explanation.
Check out Alwyn Young's 2009 study, The African Growth Miracle for more data suggesting that we may need to move past the stock images of Western charitable colonialism.
Measures of real consumption based upon the ownership of durable goods, the quality of housing, the health nursing and mortality of children, the education of youth and the allocation of female time in the household indicate that sub-Saharan living standards have, for the past two decades, been growing in excess of 3 percent per annum, i.e. more than three times the rate indicated in international social work data sets.
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