Business in Ghana

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Posts Tagged ‘Africa Poverty’

In An Unequal World, We Need Inclusive Growth

Posted by Business in Ghana on April 22, 2014

By Jim Yong Kim

For a very long time, the rich have known to some extent how the poor around the world live. What_s new in today’s world is that the best-kept secret from the poor, namely, how the rich live, is now out. Through  the village television, the Internet and hand-held instruments, which a rapidly increasing number of the poor possess, life-styles of the rich and the middle class are transmitted in full color to their homes every day.

Last year, when I traveled with President Evo Morales to a Bolivian village 14,000 feet above sea level, villagers snapped pictures on their smart phones of our arrival. In Uttar Pradesh, the state in India with the highest number of poor people, I found Indians watching Korean soap operas on their smart phones.

We live in an unequal world. But while the rich world may be blind to the suffering of the poor, the poor throughout the world are very much aware of how the rich live. And they have shown they are willing to take action.

Inequalities hurt everyone. Women_s low economic participation creates income losses of 27 percent in the Middle East and North Africa. Inclusive growth, in contrast, builds a stronger, more robust social contract between people and their government _ and builds stronger economies. If we raised women’s employment to the levels of men, for instance, average income would rise by 19 percent in South Asia and 14 percent in Latin America. Read the rest of this entry »

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Africa Can Feed Itself, Earn Billions, and Avoid Food Crises by Unblocking Regional Food Trade

Posted by Business in Ghana on October 25, 2012

WASHINGTON, October 24, 2012 A new World Bank report says that Africas farmers can potentially grow enough food to feed the continent and avert future food crises if countries remove cross-border restrictions on the food trade within the region. According to the Bank, the continent would also generate an extra US $20 billion in yearly earnings if African leaders can agree to dismantle trade barriers that blunt more regional dynamism.  The report was released on the eve of an African Union (AU) ministerial summit in Addis Ababa on agriculture and trade. Read the rest of this entry »

Posted in Agriculture, Uncategorized | Tagged: , , , , , | 1 Comment »