Oct 30, 2024
Sources of African poverty
This Tech Central Station article, “Saving Africa,” puts some figures in perspective, citing the reason for the poverty of African nations: “Africa is poor because most countries in the region lack the fundamental elements of a capitalist system: property rights, free markets, free trade and the rule of law.” The TCS piece quotes a 1998 Religion & Liberty article by Gary Becker, “Human Capital and Poverty,” It is not the culture that has prevented Africa from growing but the policies...
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