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It seems as if the onset of development is always coupled with horrible environmental problems. Another 20 years in the future, Africa will have more money to m
by cultus 8y ago
It seems as if the onset of development is always coupled with horrible environmental problems. Another 20 years in the future, Africa will have more money to mitigate them.
- GreeniFi 8y agoThe gyst of Grantham’s essay which I posted below (also at the bottom of this comment), throws into question that optimism. With evidence, Grantham demonstrates the possibility that a nexus of climate change, soil degradation and population growth threatens Africa’s development trajectory. My view is that this will happen within 20 years as banks pull credit lines from farmers at risk of weather shock. Indeed this is already happening and farmer’s production goes off a cliff when they can’t get loans for good seed and fertiliser. I don’t write this because I’m a doom and gloom merchant. It’s because we need to get real about investing sufficiently to course correct. Edit: here’s Grantham’s essay: https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-race-of-our-lives-revisited.pdf?sfvrsn=2 https://www.gmo.com/docs/default-source/research-and-comment...