« The Political Economy of Terrorism | Main | Efficient Markets or Very Efficient Markets? »
Zambia fact of the day
If Zambia had converted all the aid it received since 1960 to investment
and all of that investment to growth, it would have had a per capita GDP of about $20,000 by the early 1990s. Instead, Zambia’s per capita GDP in the early 1990s was lower than it had been in 1960, hovering under $500.
That is Bill Easterly, courtesy of Mahalanobis. And did I mention that fifty years ago, South Korea had about the same standard of living?
Posted by Tyler Cowen on July 6, 2005 at 07:14 AM in Data Source | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c66b253ef00e5509794bc8834
Listed below are links to weblogs that reference Zambia fact of the day:
» Live 8: what Zambia really needs from Ideoblog
the rock stars are urging us to help Afr [Read More]
Tracked on Jul 6, 2005 9:28:30 AM
» Why aid fails from disinterested party
As the Live 8 concerts wind down, it’s worth asking: does aid make a difference? Not according to new research from the International Monetary Fund: “[T]he bad news is that even if delivered with the best intentions and used carefully... [Read More]
Tracked on Jul 6, 2005 11:37:42 AM
» Why aid fails from disinterested party
As the Live 8 concerts wind down, it’s worth asking: does aid make a difference? Not according to new research from the International Monetary Fund: “[T]he bad news is that even if delivered with the best intentions and used carefully... [Read More]
Tracked on Jul 6, 2005 11:39:52 AM
» http://math-teacher.blogspot.com/2005/07/logical-fallacy-of-day.html from
[Read More]
Tracked on Jul 6, 2005 2:41:48 PM
» Trivia Tidbit Of The Day: Part 100 -- Botswana. from WILLisms.com
BOTSWANA, MODEL FOR AFRICA- Since independence, Botswana has had the fastest growth in per capita income in the world. Economic growth averaged over 9% per year from 1966-99. The government has maintained a sound fiscal policy, despite three consecutiv... [Read More]
Tracked on Jul 7, 2005 6:38:03 AM
» Trivia Tidbit Of The Day: Part 100 -- Botswana. from WILLisms.com
BOTSWANA, MODEL FOR AFRICA- Since independence, Botswana has had the fastest growth in per capita income in the world. Economic growth averaged over 9% per year from 1966-99. The government has maintained a sound fiscal policy, despite three consecutiv... [Read More]
Tracked on Jul 7, 2005 6:39:06 AM
» On foreign aid from Houston's Clear Thinkers
The always entertaining Richard Posner (prior posts here) weighs in on the efficacy of foreign aid: I do not favor foreign aid, debt relief (which is simply another form of such aid), or other financial transfers to poor countries, in... [Read More]
Tracked on Jul 12, 2005 8:57:25 AM
» On foreign aid from Houston's Clear Thinkers
The always entertaining Richard Posner (prior posts here) weighs in on the efficacy of foreign aid: I do not favor foreign aid, debt relief (which is simply another form of such aid), or other financial transfers to poor countries, in... [Read More]
Tracked on Jul 12, 2005 8:59:45 AM
» On foreign aid from Houston's Clear Thinkers
The always entertaining Richard Posner (prior posts here) weighs in on the efficacy of foreign aid: I do not favor foreign aid, debt relief (which is simply another form of such aid), or other financial transfers to poor countries, in... [Read More]
Tracked on Jul 12, 2005 10:03:44 AM
