Interesting article. I notice that a lot of the data comes from 2021 and 2022. Isn’t it possible that this is just a slow rebound from the Covid lockdowns rather than low-income countries falling behind?
There was a growth miracle in the 90s and 00s and neoliberalism managed to deliver the goods unlike socialism. Despite this there has been a world wide movement against capitalism. Now in the 2010s onwards we're seeing lower growth due to the rise of regulations, industrial policy and protectionism. I hope everyone happy with themselves. You have pissed on the bowl that feeds you.
It’s interesting to note that a lot of these low income countries are also the most fecund. Just goes to show you that natalist policies by themselves do not ensure economic growth.
Interesting article. I notice that a lot of the data comes from 2021 and 2022. Isn’t it possible that this is just a slow rebound from the Covid lockdowns rather than low-income countries falling behind?
Great read! Thanks! Especially on the GiveDirectly!
Seems pretty bleak, but hopefully this is just a 5-7 year issue that will bounce back for the developing world.
I write comprehensive articles on African countries (economic performance or lack of performance, their geopolitics, and their issues)
I wrote my part 1 on Rwanda here:
https://yawboadu.substack.com/p/the-economic-and-geopolitical-history-4cf
Sudan (4 part series) here:
https://yawboadu.substack.com/p/sudan-economic-and-geopolitical-history
Uganda (4 part series) here:
https://yawboadu.substack.com/p/ugandas-economic-and-geopolitical
Wow this publication is really awesome. This help understanding how the new society and world is getting shaped nowadays.
There was a growth miracle in the 90s and 00s and neoliberalism managed to deliver the goods unlike socialism. Despite this there has been a world wide movement against capitalism. Now in the 2010s onwards we're seeing lower growth due to the rise of regulations, industrial policy and protectionism. I hope everyone happy with themselves. You have pissed on the bowl that feeds you.
Most likely reason for the stall is rich country import restrictions, trade is no longer outpacing income.
It’s interesting to note that a lot of these low income countries are also the most fecund. Just goes to show you that natalist policies by themselves do not ensure economic growth.