The future of international economic institutions is up for grabs (FT)
The demographic balance of the world economy is shifting. And yet it will barely trouble the headlines because Africa’s economies are so poor. What they lack are well-functioning institutions, capital, and technology. According to World Bank estimates, the capital per worker in low-income countries — predominantly in Africa — is just $5,000 a head, one-fifth that in their middle-income counterparts. Click here to read the full-text article
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