3 ms·
This is the "dirty little secret" about the sudden rise in African fortunes in the last decade or so (it is the fastest ascension of the middle class for Africa
by muhfuhkuh 16y ago
This is the "dirty little secret" about the sudden rise in African fortunes in the last decade or so (it is the fastest ascension of the middle class for Africa in... well, ever).
And, I know correlation != causation, but it's interesting nonetheless to note that this has happened under unprecedented investment by China in the continent, while investment rates actually shrank in the West (particularly in Europe, which probably is attributable to the financial crisis). This ascension is a marked improvement compared to, say, the efforts of Colonialism (the so-called "scramble for Africa"), Apartheid, and guilt-ridden charity.