Tuesday, July 16, 2013

The African century

In this astonishing piece of analysis what the authors show is that the growth rate of the African population will mean that Africa and particularly Nigeria will become one of the most populous parts of the world, likely making it an engine of world growth in the next 100 years.  Of course, we should likely look at the specifics somewhat skeptically given the time horizon.  How likely is it that people sitting in 1913 could have accurately predicted the fate of the world in 2013?  Why do we think we are better?

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