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.
Warning: htmlspecialchars(): charset `UTF-7' not supported, assuming utf-8 in /home/customer/www/africapedia.com/public_html/wp-includes/formatting.php on line 984
Shopping on an Egyptian street: The middle class concept remained vague and limited to number crunching. (Photo/ Flickr/ Frank Schulenberg)
Will The Real Middle Class In Africa Please Stand Up? Debates Are Clouded In A Conceptual Haze
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
Warning: htmlspecialchars(): charset `UTF-7' not supported, assuming utf-8 in /home/customer/www/africapedia.com/public_html/wp-includes/formatting.php on line 984
Sex Ratios In Africa: Where Women Outnumber Men, And Vice Versa, And Why It Matters
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.
Warning: htmlspecialchars(): charset `UTF-7' not supported, assuming utf-8 in /home/customer/www/africapedia.com/public_html/wp-includes/formatting.php on line 984
Sunset on a rising city: Addis Ababa has been transformed by an infrastructure boom. (Photo/ Flickr/ Jeff Rebiffé)
Infrastructure Is China’s Sweet Deal For Africa, From A Country That Used More Cement In 3 Years Than The US Did In A Century
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
Warning: htmlspecialchars(): charset `UTF-7' not supported, assuming utf-8 in /home/customer/www/africapedia.com/public_html/wp-includes/formatting.php on line 984
In 2015, many governments dipped into their reserves and pumped dollars into the market to support their respective currencies (Photo/ Flickr/ Abbyflatcoat)
Foreign Currency Reserves In Africa, End-2015; Some Are In Tatters
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.