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Austin, G. "Reciprocal Comparison and African History: Tackling Conceptual Eurocentrism in the Study of Africa’s Economic Past. African Studies Review 50(3) 2007. 1–28. Austin, G. "The ‘Reversal Of Fortune’ Thesis and the Compression of History: Perspectives from African and Comparative Economic History. Journal of International ...
African Economic Outlook was an annual reference book-journal which focused on the economics of most African countries. It reviewed the recent economic situation and predicted the short-term interrelated economic, social, and political evolution of all African economies.
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [11] were living in 53 countries in Africa. Africa is a resource-rich continent. [12] [13] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [14]
Kibera is the largest slum in Nairobi, Kenya.. Poverty in Africa is the lack of provision to satisfy the basic human needs of certain people in Africa.African nations typically fall toward the bottom of any list measuring small size economic activity, such as income per capita or GDP per capita, despite a wealth of natural resources.
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
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Change in per capita GDP of Angola, 1950–2018. Figures are inflation-adjusted to 2011 International dollars. The economy of Angola remains heavily influenced by the effects of four decades of conflict in the last part of the 20th century, the war for independence from Portugal (1961–75) and the subsequent civil war (1975–2002).
In early June 2021, Africa faced a third wave of COVID infections with cases rising in 14 countries. [9] By 4 July the continent recorded more than 251,000 new Covid cases, a 20% increase from the prior week and a 12% increase from the January peak. More than sixteen African countries, including Malawi and Senegal, recorded an uptick in new ...