a écrit le 7 janvier 2011 à 19h40 @ TOUS
The economist "A more hopeful continent...Jan 6th 2011
MUCH has been written about the rise of the BRICs (Brazil, Russia, India and China) and the shift in economic power eastward as Asia outruns the rest of the world. But the surprising success story of the past decade lies elsewhere. An analysis by The Economist finds that over the ten years to 2010, no fewer than six of the world’s ten fastest-growing economies were in sub-Saharan Africa (see table).
The only BRIC country to make the top ten was China, in second place behind Angola. The other five African sprinters were Nigeria, Ethiopia, Chad, Mozambique and Rwanda, all with annual growth rates of around 8% or more. During the two decades to 2000 only one African economy (Uganda) made the top ten, against nine from Asia. On IMF forecasts Africa will grab seven of the top ten places over the next five years (our ranking excludes countries with a population of less than 10m as well as Iraq and Afghanistan, which could both rebound strongly in the years ahead).
Over the past decade sub-Saharan Africa’s real GDP growth rate jumped to an annual average of 5.7%, up from only 2.4% over the previous two decades. That beat Latin America’s 3.3%, but not emerging Asia’s 7.9%. Asia’s stunning performance largely reflects the vast weight of China and India; most economies saw much slower growth, such as 4% in South Korea and Taiwan. The simple unweighted average of countries’ growth rates was virtually identical in Africa and Asia.
Over the next five years Africa’s is likely to take the lead (see chart). In other words, the average African economy will outpace its Asian counterpart. Looking even farther ahead, Standard Chartered forecasts that Africa’s economy will grow at an average annual rate of 7% over the next 20 years, slightly faster than China’s.
So it should, of course. Poorer economies have more potential for catch-up growth. The scandal was that Africa’s real GDP per head fell for so many years. In 1980 Africans had an average income per head almost four times bigger than the Chinese. Today the Chinese are more than three times richer. Africa’s rapidly rising population still dampens its growth in real income per head but that, too, has risen by an annual rate of 3% since 2000—almost twice as fast as the global average.
For Western firms Africa’s economy still looks tiny, accounting for only 2% of world output. Emerging Asia’s is ten times larger. But Africa’s share is rising, not only because of brisker growth but because GD
The economist "A more hopeful continent...Jan 6th 2011
MUCH has been written about the rise of the BRICs (Brazil, Russia, India and China) and the shift in economic power eastward as Asia outruns the rest of the world. But the surprising success story of the past decade lies elsewhere. An analysis by The Economist finds that over the ten years to 2010, no fewer than six of the world’s ten fastest-growing economies were in sub-Saharan Africa (see table).
The only BRIC country to make the top ten was China, in second place behind Angola. The other five African sprinters were Nigeria, Ethiopia, Chad, Mozambique and Rwanda, all with annual growth rates of around 8% or more. During the two decades to 2000 only one African economy (Uganda) made the top ten, against nine from Asia. On IMF forecasts Africa will grab seven of the top ten places over the next five years (our ranking excludes countries with a population of less than 10m as well as Iraq and Afghanistan, which could both rebound strongly in the years ahead).
Over the past decade sub-Saharan Africa’s real GDP growth rate jumped to an annual average of 5.7%, up from only 2.4% over the previous two decades. That beat Latin America’s 3.3%, but not emerging Asia’s 7.9%. Asia’s stunning performance largely reflects the vast weight of China and India; most economies saw much slower growth, such as 4% in South Korea and Taiwan. The simple unweighted average of countries’ growth rates was virtually identical in Africa and Asia.
Over the next five years Africa’s is likely to take the lead (see chart). In other words, the average African economy will outpace its Asian counterpart. Looking even farther ahead, Standard Chartered forecasts that Africa’s economy will grow at an average annual rate of 7% over the next 20 years, slightly faster than China’s.
So it should, of course. Poorer economies have more potential for catch-up growth. The scandal was that Africa’s real GDP per head fell for so many years. In 1980 Africans had an average income per head almost four times bigger than the Chinese. Today the Chinese are more than three times richer. Africa’s rapidly rising population still dampens its growth in real income per head but that, too, has risen by an annual rate of 3% since 2000—almost twice as fast as the global average.
For Western firms Africa’s economy still looks tiny, accounting for only 2% of world output. Emerging Asia’s is ten times larger. But Africa’s share is rising, not only because of brisker growth but because GD
