Showing posts with label Emerging Markets. Show all posts
Showing posts with label Emerging Markets. Show all posts

Tuesday, 5 April 2016

Why is Europe rich, Africa poor?

There is a serious confusion between cause and effect in this post. The author blames Africa's poverty on the lack of 'regional and internationalist' institutions but forgets that Europe was prosperous long before these (IMF? OECD? EU?) were created.