The economy is nothing else than a system of social relations. If productivity undermines those relations, the economy itself crumbles, even when profits (at least for someone) may go up.
The so-called middle class in Africa appears to be a muddling class, with ambiguities ranging from politically progressive to status-quo oriented and conservative. But definitions and lived experiences matter
A country’s sex ratio (the ratio of men to women in the population) tell us something about its history, social fabric and economic make-up, if the top five countries on either side of the split in Africa are anything to do by.
China is the largest single source of financing for infrastructure development outside of national budgets in sub-Saharan Africa, contributing over $13.4 billion in the region in 2013 alone
Though the majority of African countries are in the clear, for those that are not, the data shows there is little relationship between national savings and national wealth, economic size, growth rates, or political stability.