June 11, 2026

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The Africa gap – The Economist


The economic gap between Africa and the rest of the world is getting wider, says John McDermott
Like the jaws of the crocodile…
Business as usual will not narrow it, says John McDermott
An urbanisation unlike any other
Neither farms nor workers are getting more productive
Size matters
Being your own boss is not the best strategy
The need for “development bargains”
Otherwise the future looks zero-sum
Who you gonna call?
Sources of finance have declined
Closing arguments
But it would require a new surge of ambition 
The American economy has left other rich countries in the dust. Expect that to continue, argue Simon Rabinovitch and Henry Curr
Published since September 1843 to take part in “a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.”
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