Monday, December 5, 2016

Not hopeless

Going back to global poverty, here are some more details about conditions in the African continent - where people are still poor but no longer "hopeless."

photo: https://capx.co/africa-is-growing-thanks-to-capitalism/

One in seven people in the world live in Africa, a number that is growing. With current trends, Nigeria alone will be home to more people than the U.S. by 2050.

The central fact of Africa's improved well-being is:

"Since the start of the new millennium, Africa’s average per capita income adjusted for inflation and purchasing power parity rose by more than 50 percent . ." That's a big hike in a short time.

How has rising income improved lives? 
  • life expectancy went from 54 to 62 years
  • outside of war zones, famines have disappeared
  • school enrollments are at their historic high

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