3 ms·
Some countries in Africa are certainly "stuck" but Kenya is actually doing pretty well overall [1]. Per capita GDP is about where South Korea was in 1969, or In
by levocardia 2y ago
Some countries in Africa are certainly "stuck" but Kenya is actually doing pretty well overall [1]. Per capita GDP is about where South Korea was in 1969, or India in 2018, and Kenya's economy has been growing pretty steadily since one-party rule ended circa 2002.
Economic reforms and cutting down bureaucracy are certainly part of the solution, but "just wait a bit longer" is too. If things continue progressing as they currently are, Nairobi will look a lot more like Seoul by mid-century.
[1] https://fred.stlouisfed.org/series/NYGDPPCAPKDKEN https://fred.stlouisfed.org/series/NYGDPPCAPKDKEN